Middleton & Co. Inc. MA Has $223,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Middleton & Co. Inc. MA lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,060 shares of the financial services provider’s stock after selling 50 shares during the period. Middleton & Co. Inc. MA’s holdings in Marsh & McLennan Companies were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the first quarter worth about $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $27,000. Sachetta LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at $29,000. Clear Investment Research LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at $33,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MMC. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Barclays initiated coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Bank of America lifted their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Roth Mkm increased their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $215.53.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction dated 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 transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Insiders have sold 21,735 shares of company stock valued at $4,897,317 in the last 90 days. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Down 0.8 %

MMC opened at $226.19 on Thursday. The firm has a 50 day simple moving average of $223.05 and a 200 day simple moving average of $212.06. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32. The company has a market cap of $111.45 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.20 EPS. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

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.