Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 204.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,640 shares of the financial services provider's stock after acquiring an additional 5,799 shares during the period. Wilmington Savings Fund Society FSB's holdings in Marsh & McLennan Companies were worth $1,927,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC raised its position in Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 45 shares in the last quarter. Kingfisher Capital LLC grew its holdings in Marsh & McLennan Companies by 4.7% during the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock worth $220,000 after acquiring an additional 47 shares in the last quarter. Drive Wealth Management LLC increased its position in Marsh & McLennan Companies by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 49 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of Marsh & McLennan Companies by 2.3% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock worth $468,000 after purchasing an additional 49 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Marsh & McLennan Companies by 0.6% during the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock valued at $1,887,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company's stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $0.85 during trading hours on Friday, hitting $215.07. The company's stock had a trading volume of 1,520,297 shares, compared to its average volume of 1,704,935. The stock has a market cap of $105.63 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $235.50. The company has a 50 day moving average of $224.12 and a 200 day moving average of $220.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 earnings per share. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 10th. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI restated an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $228.13.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.