Greenleaf Trust Purchases 256 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Greenleaf Trust increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,772 shares of the financial services provider’s stock after purchasing an additional 256 shares during the period. Greenleaf Trust’s holdings in Marsh & McLennan Companies were worth $1,852,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its stake in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $27,000. Headinvest LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $28,000. Cordant Inc. bought a new position in Marsh & McLennan Companies during the 4th quarter valued at about $28,000. Finally, OFI Invest Asset Management bought a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $28,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.3 %

Marsh & McLennan Companies stock opened at $202.41 on Friday. The firm has a 50 day moving average of $202.86 and a 200 day moving average of $196.87. The firm has a market capitalization of $99.90 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.67 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the firm posted $2.53 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.64 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.

Analyst Ratings Changes

Several research firms have issued reports on MMC. Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday. TD Cowen began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Morgan Stanley upped their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $204.87.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock valued at $7,448,163 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.