Whittier Trust Co. Buys 4,242 Shares of Marsh & McLennan Companies, Inc. $MMC

Whittier Trust Co. grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 174,402 shares of the financial services provider’s stock after acquiring an additional 4,242 shares during the quarter. Whittier Trust Co.’s holdings in Marsh & McLennan Companies were worth $35,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. TFR Capital LLC. boosted its position in Marsh & McLennan Companies by 2.7% in the second quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 48 shares during the last quarter. Ignite Planners LLC grew its position in Marsh & McLennan Companies by 3.5% during the second quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock valued at $306,000 after buying an additional 49 shares during the period. Relyea Zuckerberg Hanson LLC increased its holdings in Marsh & McLennan Companies by 0.7% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 50 shares during the last quarter. Pittenger & Anderson Inc. raised its position in Marsh & McLennan Companies by 11.7% in the second quarter. Pittenger & Anderson Inc. now owns 479 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 50 shares during the period. Finally, Norden Group LLC boosted its stake in shares of Marsh & McLennan Companies by 5.5% during the 2nd quarter. Norden Group LLC now owns 971 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The stock has a market cap of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The business has a 50 day simple moving average of $183.69 and a 200 day simple moving average of $194.05.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Wall Street Analyst Weigh In

MMC has been the topic of a number of recent research reports. Cantor Fitzgerald decreased their target price on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Barclays increased their target price on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. TD Cowen lowered their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Finally, The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $218.82.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.