Rockland Trust Co. Acquires 10,734 Shares of Marsh & McLennan Companies, Inc. $MMC

Rockland Trust Co. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 801.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,073 shares of the financial services provider’s stock after acquiring an additional 10,734 shares during the period. Rockland Trust Co.’s holdings in Marsh & McLennan Companies were worth $2,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MMC. Pittenger & Anderson Inc. boosted its holdings in Marsh & McLennan Companies by 11.7% during the second quarter. Pittenger & Anderson Inc. now owns 479 shares of the financial services provider’s stock worth $105,000 after buying an additional 50 shares during the last quarter. Hanson & Doremus Investment Management raised its position in shares of Marsh & McLennan Companies by 31.3% in the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 51 shares during the period. Cornerstone Advisory LLC boosted its stake in Marsh & McLennan Companies by 2.6% during the 2nd quarter. Cornerstone Advisory LLC now owns 2,062 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 53 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Marsh & McLennan Companies by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 54 shares during the period. Finally, Coign Capital Advisors LLC increased its stake in Marsh & McLennan Companies by 2.0% in the second quarter. Coign Capital Advisors LLC now owns 2,769 shares of the financial services provider’s stock valued at $605,000 after purchasing an additional 55 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore decreased their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, January 7th. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their target price for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Royal Bank Of Canada began coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $216.88.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $182.39 on Tuesday. The firm’s 50 day moving average is $183.97 and its 200-day moving average is $191.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Marsh & McLennan Companies Profile

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.