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

Rockland Trust Co. cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

A number of other large investors have also recently added to or reduced their stakes in MMC. Stephens Inc. AR increased its holdings in Marsh & McLennan Companies by 7.1% during the 4th quarter. Stephens Inc. AR now owns 4,388 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 290 shares during the period. Morningstar Investment Services LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $338,000. Prudential PLC raised its holdings in shares of Marsh & McLennan Companies by 67.5% in the fourth quarter. Prudential PLC now owns 56,561 shares of the financial services provider’s stock valued at $10,717,000 after buying an additional 22,797 shares during the last quarter. Veritas Investment Partners UK Ltd. lifted its position in Marsh & McLennan Companies by 16.9% during the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock worth $266,134,000 after acquiring an additional 203,017 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Marsh & McLennan Companies by 15.8% during the fourth quarter. Personal CFO Solutions LLC now owns 4,870 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 665 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on MMC. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank of Canada boosted their price objective on shares of 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. JPMorgan Chase & Co. upped their price target on 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 increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Barclays started coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $215.81.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock worth $4,897,317 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.5 %

Shares of Marsh & McLennan Companies stock traded up $1.11 during trading on Friday, reaching $222.16. The stock had a trading volume of 1,081,777 shares, compared to its average volume of 1,666,801. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a market capitalization of $109.46 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 3.13 and a beta of 0.94. The stock has a fifty day moving average price of $224.32 and a two-hundred day moving average price of $213.51.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.47%. 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.