Bank of New Hampshire Decreases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bank of New Hampshire reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,435 shares of the financial services provider’s stock after selling 300 shares during the period. Bank of New Hampshire’s holdings in Marsh & McLennan Companies were worth $320,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR grew its holdings in Marsh & McLennan Companies by 7.1% in the 4th quarter. Stephens Inc. AR now owns 4,388 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 290 shares during the last quarter. Elo Mutual Pension Insurance Co increased its holdings in Marsh & McLennan Companies by 4.2% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 43,126 shares of the financial services provider’s stock valued at $8,171,000 after purchasing an additional 1,720 shares during the period. Unigestion Holding SA lifted its holdings in Marsh & McLennan Companies by 5.4% in the 4th quarter. Unigestion Holding SA now owns 270,598 shares of the financial services provider’s stock worth $51,262,000 after buying an additional 13,884 shares during the period. Icon Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $2,516,000. Finally, L1 Capital International Pty Ltd purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $8,843,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of several research reports. Barclays began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Bank of America raised their target price on Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a research note on Tuesday, October 1st. 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. Finally, Roth Mkm raised their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $215.81.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the business’s 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 completion of the sale, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock valued at $4,897,317 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $219.78 on Tuesday. The stock has a market capitalization of $108.29 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. The stock’s 50 day simple moving average is $224.32 and its 200 day simple moving average is $213.61. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. 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 (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion during 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 business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.20 earnings per share. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share 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 paid 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 1.48%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

Marsh & McLennan Companies 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.