Whittier Trust Co. Increases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Whittier Trust Co. lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,986 shares of the financial services provider's stock after buying an additional 3,111 shares during the quarter. Whittier Trust Co.'s holdings in Marsh & McLennan Companies were worth $34,798,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MMC. University of Texas Texas AM Investment Management Co. bought a new stake in Marsh & McLennan Companies in the second quarter worth $3,710,000. Czech National Bank increased its stake in Marsh & McLennan Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider's stock valued at $22,348,000 after purchasing an additional 6,282 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Marsh & McLennan Companies by 2.6% during the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider's stock valued at $195,003,000 after buying an additional 23,133 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Marsh & McLennan Companies by 12.4% during the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider's stock valued at $187,218,000 after acquiring an additional 100,378 shares in the last quarter. Finally, Kinsale Capital Group Inc. grew its stake in shares of Marsh & McLennan Companies by 26.8% in the first quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider's stock worth $3,882,000 after acquiring an additional 3,984 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MMC. Barclays started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $236.00 target price for the company. Roth Mkm lifted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday. Bank of America raised their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a "neutral" rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $221.93.

Marsh & McLennan Companies Price Performance

MMC stock traded down $2.60 during midday trading on Monday, hitting $222.06. The company's stock had a trading volume of 1,451,988 shares, compared to its average volume of 1,670,543. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The company has a 50 day moving average of $225.37 and a two-hundred day moving average of $215.22. The firm has a market capitalization of $109.41 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. Marsh & McLennan Companies's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $1.57 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies's payout ratio is presently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares of the company's stock, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company's stock, valued at $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,566 shares of company stock worth $4,420,137 in the last quarter. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Profile

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.