Boston Trust Walden Corp Trims Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Boston Trust Walden Corp cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 245,382 shares of the financial services provider’s stock after selling 12,570 shares during the period. Boston Trust Walden Corp’s holdings in Marsh & McLennan Companies were worth $54,742,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in Marsh & McLennan Companies by 4,991.4% during the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after buying an additional 679,474 shares during the period. Jennison Associates LLC grew its holdings in Marsh & McLennan Companies by 229.6% in the first quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock valued at $192,066,000 after purchasing an additional 649,505 shares during the period. M&G Plc acquired a new position in Marsh & McLennan Companies during the first quarter worth approximately $118,353,000. Bristol Gate Capital Partners Inc. acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $95,139,000. Finally, SG Americas Securities LLC grew its stake in shares of Marsh & McLennan Companies by 2,623.1% during the 1st quarter. SG Americas Securities LLC now owns 467,891 shares of the financial services provider’s stock valued at $96,376,000 after buying an additional 450,709 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In related news, 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. 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 available through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,566 shares of company stock worth $4,420,137. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MMC. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Barclays assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $225.33.

Marsh & McLennan Companies Stock Down 0.5 %

MMC stock traded down $1.17 during midday trading on Friday, hitting $221.31. 1,658,639 shares of the company’s stock were exchanged, compared to its average volume of 1,684,847. The stock has a market capitalization of $108.69 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 3.33 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $225.53 and a 200-day moving average price of $215.56. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. Marsh & McLennan Companies’s payout ratio is 40.15%.

About Marsh & McLennan Companies

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.