Marsh & McLennan Companies, Inc. $MMC Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp reduced its stake in Marsh & McLennan Companies, Inc. by 18.8%, selling 44,763 shares during the second quarter.
• Marsh & McLennan Companies is experiencing a significant level of interest from institutional investors, with 87.99% of its stock held by these entities.
• Analysts have mixed ratings for Marsh & McLennan Companies, with a consensus target price of $237.13 and a majority suggesting a “Hold” rating.

Boston Trust Walden Corp cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 18.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 193,068 shares of the financial services provider's stock after selling 44,763 shares during the quarter. Boston Trust Walden Corp's holdings in Marsh & McLennan Companies were worth $42,212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $25,000. Knuff & Co LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth $28,000. Activest Wealth Management increased its position in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after buying an additional 111 shares in the last quarter. Capital Analysts LLC increased its position in Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock worth $41,000 after buying an additional 64 shares in the last quarter. Finally, Garde Capital Inc. purchased a new position in Marsh & McLennan Companies during the first quarter worth $42,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $226.00 to $222.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 8th. UBS Group dropped their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective for the company. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a "peer perform" rating for the company. Finally, Morgan Stanley lowered their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and a consensus target price of $237.13.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $207.01 on Wednesday. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. The stock has a market capitalization of $101.77 billion, a P/E ratio of 24.82, a PEG ratio of 2.59 and a beta of 0.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The business's fifty day moving average price is $203.54 and its 200 day moving average price is $215.05.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The firm had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's payout ratio is currently 43.17%.

About Marsh & McLennan Companies

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.

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