Rockland Trust Co. Has $805,000 Position in Marsh & McLennan Companies, Inc. $MRSH

Rockland Trust Co. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 39.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,832 shares of the financial services provider’s stock after selling 3,105 shares during the period. Rockland Trust Co.’s holdings in Marsh & McLennan Companies were worth $805,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. PFG Investments LLC increased its position in shares of Marsh & McLennan Companies by 3.3% in the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 56 shares during the period. EP Wealth Advisors LLC lifted its position in Marsh & McLennan Companies by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock worth $1,823,000 after purchasing an additional 69 shares during the period. MMA Asset Management LLC grew its stake in Marsh & McLennan Companies by 1.7% during the fourth quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider’s stock worth $757,000 after buying an additional 70 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in Marsh & McLennan Companies by 5.2% in the 4th quarter. Clear Creek Financial Management LLC now owns 1,449 shares of the financial services provider’s stock valued at $269,000 after buying an additional 72 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of Marsh & McLennan Companies by 5.3% in the 1st quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock valued at $252,000 after buying an additional 73 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Mizuho increased their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Citigroup cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, UBS Group upped their price objective on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $201.94.

Marsh & McLennan Companies Stock Down 1.0%

Shares of MRSH stock opened at $191.31 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $213.80. The stock’s fifty day moving average price is $175.15. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $91.30 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 2.75 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. The firm had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.Marsh & McLennan Companies’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, July 23rd. This represents a $3.96 annualized dividend and a yield of 2.1%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio is 48.41%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Paul Beswick sold 713 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the sale, the senior vice president owned 16,376 shares of the company’s stock, valued at $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 36,469 shares of company stock valued at $6,291,345. 0.38% of the stock is owned by insiders.

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.