Private Trust Co. NA Buys 4,205 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• Private Trust Co. NA increased its stake in Marsh & McLennan Companies by 35.1%, acquiring an additional 4,205 shares during the second quarter, bringing its total holdings to 16,187 shares valued at $3.54 million.
• The company reported $1.85 earnings per share for the last quarter, exceeding analysts' estimates of $1.78, alongside a revenue of $6.35 billion.
• Marsh & McLennan has a current dividend yield of 1.9%, with a recently announced quarterly dividend of $0.90 per share expected to be paid on November 14th.

Private Trust Co. NA raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 35.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,187 shares of the financial services provider's stock after purchasing an additional 4,205 shares during the quarter. Private Trust Co. NA's holdings in Marsh & McLennan Companies were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Harbour Investments Inc. boosted its position in Marsh & McLennan Companies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider's stock valued at $306,000 after acquiring an additional 44 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Marsh & McLennan Companies by 0.6% during the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock valued at $1,825,000 after purchasing an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider's stock valued at $1,102,000 after purchasing an additional 47 shares during the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of Marsh & McLennan Companies by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider's stock valued at $308,000 after purchasing an additional 47 shares during the last quarter. Finally, McAdam LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.2% during the first quarter. McAdam LLC now owns 3,948 shares of the financial services provider's stock valued at $963,000 after purchasing an additional 47 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an "equal weight" rating for the company in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Tuesday, October 7th. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective for the company. Finally, Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a "peer perform" rating for the company. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $237.13.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $186.86 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $185.12 and a twelve month high of $248.00. The firm has a market cap of $91.86 billion, a P/E ratio of 22.41, a PEG ratio of 2.57 and a beta of 0.81. The company has a 50 day moving average of $203.22 and a 200 day moving average of $214.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company's stock.

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.

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