Bangor Savings Bank Buys Shares of 206 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bangor Savings Bank bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 206 shares of the financial services provider’s stock, valued at approximately $46,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies in the first quarter worth $25,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies in the first quarter worth $27,000. Crewe Advisors LLC increased its stake in shares of 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 in the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Marsh & McLennan Companies in the first quarter worth $35,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The trade was a 0.00 % decrease in their position. 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 quarter. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $223.97 on Wednesday. The company has a market cap of $110.36 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50 day moving average price is $224.32 and its 200-day moving average price is $213.71. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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 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%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm 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. This represents a $3.26 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MMC shares. Bank of America increased their price objective on shares of Marsh & McLennan Companies from $235.00 to $248.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Finally, Roth Mkm upped their price objective 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 research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $215.81.

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.