Ledyard National Bank Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ledyard National Bank grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.9% during the third quarter, HoldingsChannel reports. The firm owned 3,881 shares of the financial services provider’s stock after acquiring an additional 380 shares during the period. Ledyard National Bank’s holdings in Marsh & McLennan Companies were worth $866,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Kingfisher Capital LLC lifted its stake in Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 47 shares in the last quarter. Drive Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock valued at $291,000 after buying an additional 49 shares during the period. Legacy Financial Advisors Inc. raised its position in shares of Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock valued at $468,000 after buying an additional 49 shares during the period. Ritholtz Wealth Management raised its position in shares of Marsh & McLennan Companies by 0.6% during the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock valued at $1,887,000 after buying an additional 51 shares during the period. Finally, X Square Capital LLC raised its position in shares of Marsh & McLennan Companies by 1.8% during the 2nd quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock valued at $623,000 after buying an additional 51 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $222.06 on Tuesday. The company has a 50-day simple moving average of $225.37 and a 200-day simple moving average of $215.22. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $109.41 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid 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 dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Insider Transactions at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock worth $4,420,137 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MMC. Bank of America lifted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $221.93.

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.