Marsh & McLennan Companies, Inc. $MMC Stock Holdings Decreased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,286 shares of the financial services provider’s stock after selling 100 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Marsh & McLennan Companies were worth $718,000 as of its most recent SEC filing.

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

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $188.04 on Friday. The stock’s 50 day moving average price is $201.58 and its 200 day moving average price is $212.93. 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 has a market cap of $92.12 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.37 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 12 month low of $185.12 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (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 analysts’ expectations of $6.34 billion. During the same period last year, the firm earned $1.63 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm 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 $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 payout ratio is 43.17%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MMC shares. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $200.00 to $195.00 in a research report on Monday. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Morgan Stanley reduced 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 research note on Tuesday, October 7th. Evercore ISI reduced their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Finally, UBS Group reduced their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $234.07.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.