Wilmington Savings Fund Society FSB Has $2.23 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Wilmington Savings Fund Society FSB increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,207 shares of the financial services provider’s stock after purchasing an additional 68 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Marsh & McLennan Companies were worth $2,232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MMC. Wellington Management Group LLP grew its holdings in Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after purchasing an additional 4,505,548 shares during the period. Nuveen LLC acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $1,038,594,000. Valeo Financial Advisors LLC grew its holdings in Marsh & McLennan Companies by 48,212.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after purchasing an additional 2,623,745 shares during the period. Ninety One UK Ltd grew its holdings in Marsh & McLennan Companies by 153.6% during the first quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock valued at $578,517,000 after purchasing an additional 1,436,044 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Marsh & McLennan Companies by 5,035.9% in the second quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock valued at $176,836,000 after buying an additional 793,052 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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 target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday, October 8th. UBS Group reduced their price target on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. 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. Finally, Barclays reduced their price target on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $237.13.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’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 sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $204.05 on Thursday. 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 firm’s fifty day moving average price is $203.55 and its two-hundred day moving average price is $214.98. Marsh & McLennan Companies, Inc. has a 1 year low of $195.01 and a 1 year high of $248.00. The firm has a market capitalization of $100.31 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the firm posted $2.41 earnings per share. The company’s quarterly revenue 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 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

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.