Massachusetts Financial Services Co. MA Has $2.33 Billion Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Massachusetts Financial Services Co. MA lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% during the second quarter, HoldingsChannel.com reports. The firm owned 11,069,159 shares of the financial services provider’s stock after selling 195,693 shares during the quarter. Marsh & McLennan Companies makes up approximately 0.7% of Massachusetts Financial Services Co. MA’s holdings, making the stock its 25th largest holding. Massachusetts Financial Services Co. MA’s holdings in Marsh & McLennan Companies were worth $2,332,493,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MMC. Gryphon Financial Partners LLC raised its position in Marsh & McLennan Companies by 6.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,127 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 67 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $209,000. Financial Advocates Investment Management boosted its holdings in Marsh & McLennan Companies by 53.1% in the fourth quarter. Financial Advocates Investment Management now owns 3,235 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 1,122 shares in the last quarter. AMG National Trust Bank raised its holdings in Marsh & McLennan Companies by 17.9% during the fourth quarter. AMG National Trust Bank now owns 3,776 shares of the financial services provider’s stock valued at $715,000 after buying an additional 572 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $1,048,077,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock worth $4,897,317 in the last 90 days. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America raised their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Barclays started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Roth Mkm boosted their target price 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, JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of MMC stock opened at $229.68 on Monday. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average price of $222.17 and a 200 day moving average price of $211.57. The stock has a market cap of $113.17 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business earned $2.20 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

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.