6,478 Shares in Marsh & McLennan Companies, Inc. $MMC Purchased by Equitable Trust Co.

Equitable Trust Co. purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,478 shares of the financial services provider’s stock, valued at approximately $1,306,000.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the second quarter worth $29,000. Westside Investment Management Inc. raised its stake in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 109 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth $32,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $32,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MMC. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Barclays raised their price target on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $216.88.

Marsh & McLennan Companies Price Performance

MMC opened at $182.39 on Tuesday. 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 business has a fifty day moving average of $183.80 and a 200 day moving average of $190.26. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The stock has a market cap of $89.35 billion, a P/E ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, January 29th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is 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.