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

Rockland Trust Co. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,523 shares of the financial services provider’s stock after selling 481 shares during the period. Rockland Trust Co.’s holdings in Marsh & McLennan Companies were worth $340,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies during the first quarter valued at $27,000. Crewe Advisors LLC grew its holdings in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $35,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter worth $41,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MMC shares. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm boosted their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Barclays assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Finally, Bank of America raised their price objective on shares of Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $215.81.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s 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 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction on 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 owns 2,923 shares of the company’s stock, valued at $659,925.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was 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 approximately $7,625,035.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,735 shares of company stock worth $4,897,317. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.5 %

MMC traded up $1.11 on Friday, hitting $222.16. The company had a trading volume of 1,081,777 shares, compared to its average volume of 1,666,801. The company has a market cap of $109.46 billion, a PE ratio of 28.19, a PEG ratio of 3.13 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The business’s fifty day simple moving average is $224.32 and its 200 day simple moving average is $213.51. 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 (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Marsh & McLennan Companies Company 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.