Rockland Trust Co. Has $307,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Rockland Trust Co. trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,443 shares of the financial services provider’s stock after selling 80 shares during the quarter. Rockland Trust Co.’s holdings in Marsh & McLennan Companies were worth $307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI increased its holdings in shares of Marsh & McLennan Companies by 17.6% in the second quarter. Citizens Financial Group Inc. RI now owns 7,494 shares of the financial services provider’s stock worth $1,579,000 after acquiring an additional 1,123 shares in the last quarter. SYSTM Wealth Solutions LLC increased its stake in Marsh & McLennan Companies by 4.8% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 33,585 shares of the financial services provider’s stock worth $7,077,000 after purchasing an additional 1,531 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Marsh & McLennan Companies by 4.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 47,729 shares of the financial services provider’s stock worth $10,057,000 after buying an additional 2,103 shares during the period. Argent Trust Co lifted its stake in Marsh & McLennan Companies by 1.6% in the second quarter. Argent Trust Co now owns 19,402 shares of the financial services provider’s stock valued at $4,088,000 after buying an additional 313 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Marsh & McLennan Companies by 18.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,840 shares of the financial services provider’s stock worth $2,284,000 after acquiring an additional 1,718 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.4 %

MMC stock opened at $212.51 on Thursday. The business’s 50 day simple moving average is $219.17 and its 200 day simple moving average is $221.15. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50. The firm has a market capitalization of $104.37 billion, a PE ratio of 26.17, a PEG ratio of 2.59 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.53%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MMC shares. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Bank of America increased their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued 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 $228.60.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.