Whittier Trust Co. Has $37.20 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

Whittier Trust Co. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,160 shares of the financial services provider’s stock after buying an additional 11,737 shares during the period. Whittier Trust Co.’s holdings in Marsh & McLennan Companies were worth $37,203,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its holdings in Marsh & McLennan Companies by 9.9% in the 1st quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after purchasing an additional 29,247 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Marsh & McLennan Companies by 101.4% in the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 3,593 shares in the last quarter. US Asset Management LLC increased its holdings in Marsh & McLennan Companies by 23.1% in the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 1,284 shares in the last quarter. Geneva Partners LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $4,673,000. Finally, GAMMA Investing LLC increased its holdings in Marsh & McLennan Companies by 32.0% in the 1st quarter. GAMMA Investing LLC now owns 6,211 shares of the financial services provider’s stock worth $1,516,000 after purchasing an additional 1,507 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI lowered their target price on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a report on Friday. Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $209.00 to $191.00 in a research note on Friday. Morgan Stanley decreased their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Barclays decreased their price target on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $233.67.

Marsh & McLennan Companies Stock Up 0.2%

Shares of Marsh & McLennan Companies stock opened at $189.98 on Tuesday. Marsh & McLennan Companies, Inc. has a one year low of $185.12 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s 50-day moving average is $202.68 and its 200 day moving average is $213.51. The firm has a market cap of $93.40 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.39 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities 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 issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

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

Marsh & McLennan Companies Company 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.