Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% in the 3rd quarter, HoldingsChannel.com reports. The firm 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth about $27,000. Crewe Advisors LLC raised its stake in Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $35,000. Ridgewood Investments LLC purchased a new position in shares of Marsh & McLennan Companies during the second quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 712.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 171 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MMC has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Roth Mkm lifted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $225.33.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the company’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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The trade was 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, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,566 shares of company stock valued at $4,420,137. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $1.17 on Friday, reaching $221.31. The stock had a trading volume of 1,658,639 shares, compared to its average volume of 1,684,847. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32. The business’s 50-day moving average price is $225.53 and its two-hundred day moving average price is $215.56. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $108.69 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 3.33 and a beta of 0.94.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.