Burke & Herbert Bank & Trust Co. Cuts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Burke & Herbert Bank & Trust Co. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 928 shares of the financial services provider’s stock after selling 65 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $207,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MMC. Wealth Enhancement Advisory Services LLC grew its position 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 worth $11,172,000 after purchasing an additional 8,471 shares during the last quarter. Astoria Portfolio Advisors LLC. acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $210,000. Baker Ellis Asset Management LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $291,000. Vicus Capital acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $241,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Marsh & McLennan Companies by 0.8% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 18,247 shares of the financial services provider’s stock valued at $3,759,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies 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 value of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,566 shares of company stock valued at $4,420,137. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on MMC. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank of America boosted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets upped their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Price Performance

MMC stock opened at $221.31 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The stock’s fifty day simple moving average is $225.54 and its 200-day simple moving average is $215.44. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market capitalization 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.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 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.