Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,129 shares of the financial services provider's stock after purchasing an additional 1,143 shares during the quarter. Whittier Trust Co.'s holdings in Marsh & McLennan Companies were worth $33,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its stake in Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the period. Geode Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Amundi lifted its holdings in shares of Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after buying an additional 1,823,807 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock worth $892,309,000 after purchasing an additional 184,239 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Marsh & McLennan Companies by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,286,899 shares of the financial services provider's stock valued at $698,170,000 after buying an additional 71,990 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

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Insiders Place Their Bets

In other news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock valued at $13,350,279 over the last 90 days. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on MMC. Keefe, Bruyette & Woods dropped their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Raymond James restated an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 1.1 %

Marsh & McLennan Companies stock traded up $2.51 during midday trading on Monday, hitting $234.82. 2,226,472 shares of the stock were exchanged, compared to its average volume of 1,639,176. The stock's 50-day simple moving average is $227.57 and its 200 day simple moving average is $223.78. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $115.33 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.39%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.