Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,768 shares of the financial services provider’s stock after acquiring an additional 2,819 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Marsh & McLennan Companies were worth $13,332,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Prospera Financial Services Inc increased its holdings in Marsh & McLennan Companies by 10.6% in the 3rd quarter. Prospera Financial Services Inc now owns 2,525 shares of the financial services provider’s stock worth $563,000 after buying an additional 241 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Marsh & McLennan Companies by 7.9% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 8,089 shares of the financial services provider’s stock worth $1,805,000 after buying an additional 595 shares during the period. King Luther Capital Management Corp increased its holdings in Marsh & McLennan Companies by 0.4% in the 3rd quarter. King Luther Capital Management Corp now owns 57,746 shares of the financial services provider’s stock worth $12,883,000 after buying an additional 214 shares during the period. SSI Investment Management LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $205,000. Finally, Pacer Advisors Inc. increased its holdings in Marsh & McLennan Companies by 19.0% in the 3rd quarter. Pacer Advisors Inc. now owns 57,976 shares of the financial services provider’s stock worth $12,934,000 after buying an additional 9,257 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,828 shares of company stock valued at $13,350,279. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research reports. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Evercore ISI restated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Raymond James restated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 0.4 %

Shares of NYSE:MMC opened at $233.49 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The firm has a market capitalization of $114.68 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day moving average price is $226.65 and its 200-day moving average price is $223.79.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Marsh & McLennan Companies 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.