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

Middleton & Co. Inc. MA decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.

Several other hedge funds also recently made changes to their positions in the business. Gryphon Financial Partners LLC increased its holdings in shares of Marsh & McLennan Companies by 6.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,127 shares of the financial services provider’s stock valued at $203,000 after buying an additional 67 shares in the last quarter. Sachetta LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $29,000. Quest Partners LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $658,000. Franklin Resources Inc. raised its holdings in Marsh & McLennan Companies by 13.6% during the 4th quarter. Franklin Resources Inc. now owns 179,161 shares of the financial services provider’s stock worth $33,946,000 after buying an additional 21,392 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Marsh & McLennan Companies by 2.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,212 shares of the financial services provider’s stock valued at $798,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated 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 owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mark C. Mcgivney sold 10,265 shares of the company’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 in the company, valued at $7,625,035.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $226.19 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $111.45 billion, a P/E ratio of 28.70, a P/E/G ratio of 3.20 and a beta of 0.94. The business has a 50-day moving average of $223.05 and a two-hundred day 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.

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

Marsh & McLennan Companies Increases Dividend

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