CENTRAL TRUST Co raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,595 shares of the financial services provider’s stock after purchasing an additional 54 shares during the period. CENTRAL TRUST Co’s holdings in Marsh & McLennan Companies were worth $356,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Marsh & McLennan Companies by 18.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 54,237 shares of the financial services provider’s stock valued at $11,172,000 after acquiring an additional 8,471 shares in the last quarter. Vicus Capital purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $241,000. Founders Financial Securities LLC raised its position in shares of Marsh & McLennan Companies by 6.4% during the 1st quarter. Founders Financial Securities LLC now owns 3,103 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 187 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $231,000. Finally, Trilogy Capital Inc. acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $280,000. Institutional investors and hedge funds own 87.99% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock worth $4,420,137 over the last quarter. 0.30% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on MMC
Marsh & McLennan Companies Stock Performance
Marsh & McLennan Companies stock opened at $221.31 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The company has a market cap of $108.69 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 3.33 and a beta of 0.94. The stock’s 50-day moving average is $225.53 and its 200-day moving average is $215.56.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the company posted $1.57 earnings per share. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 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 Friday, November 15th. Shareholders of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.
Marsh & McLennan Companies 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.
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