Sanibel Captiva Trust Company Inc. Boosts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sanibel Captiva Trust Company Inc. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,189 shares of the financial services provider’s stock after acquiring an additional 110 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Marsh & McLennan Companies were worth $711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DRW Securities LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $1,686,000. FIL Ltd boosted its stake in shares of Marsh & McLennan Companies by 13.8% in the 4th quarter. FIL Ltd now owns 1,031,029 shares of the financial services provider’s stock valued at $195,349,000 after buying an additional 125,095 shares during the period. GLOBALT Investments LLC GA acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $387,000. V Square Quantitative Management LLC raised its holdings in Marsh & McLennan Companies by 150.9% in the fourth quarter. V Square Quantitative Management LLC now owns 10,817 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 6,505 shares in the last quarter. Finally, Garde Capital Inc. lifted its stake in Marsh & McLennan Companies by 38.7% in the fourth quarter. Garde Capital Inc. now owns 1,498 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 418 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’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 sale, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. 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 can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies 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 in the company, valued at approximately $2,609,420. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,735 shares of company stock valued at $4,897,317. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MMC shares. Roth Mkm raised their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Finally, Bank of America raised their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $216.69.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $225.05 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The stock has a market capitalization of $110.89 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 3.58 and a beta of 0.94. The company has a 50-day simple moving average of $224.44 and a 200-day simple moving average of $214.16. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share 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 analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $2.20 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company 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 dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

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.