Thurston Springer Miller Herd & Titak Inc. Decreases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Thurston Springer Miller Herd & Titak Inc. decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,893 shares of the financial services provider’s stock after selling 154 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Marsh & McLennan Companies were worth $868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies in the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the first quarter worth about $27,000. Crewe Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $35,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $225.05 on Monday. The company has a market cap of $110.89 billion, a PE ratio of 28.56, a PEG ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The business’s fifty day simple moving average is $224.44 and its 200-day simple moving average is $214.29.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $2.20 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Analysts Set New Price Targets

MMC has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Barclays initiated coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Roth Mkm boosted their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $216.69.

Check Out Our Latest Analysis on MMC

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock valued at $4,897,317 in the last quarter. Insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

(Free Report)

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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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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