Northwest Bank & Trust Co Acquires 74 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Northwest Bank & Trust Co grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,023 shares of the financial services provider’s stock after purchasing an additional 74 shares during the period. Northwest Bank & Trust Co’s holdings in Marsh & McLennan Companies were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $27,000. Crewe Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $35,000. Finally, Ridgewood Investments LLC purchased a new position in Marsh & McLennan Companies during the second quarter valued at approximately $41,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded down $2.80 during trading on Thursday, reaching $223.96. The company’s stock had a trading volume of 416,207 shares, compared to its average volume of 1,663,367. The business’s fifty day moving average price is $224.44 and its 200-day moving average price is $213.94. 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 firm has a market cap of $110.35 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 3.13 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Insiders Place Their Bets

In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred 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 directly owns 11,861 shares in the company, valued at approximately $2,609,420. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 sale, the senior vice president now owns 11,861 shares in the company, valued at $2,609,420. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,735 shares of company stock worth $4,897,317 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Roth Mkm boosted their price objective 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 assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective on the stock. Finally, 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 report on Friday, July 19th. Two equities research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $216.56.

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.