Enterprise Bank & Trust Co Boosts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Enterprise Bank & Trust Co lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,700 shares of the financial services provider’s stock after purchasing an additional 88 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Marsh & McLennan Companies were worth $2,164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $6,510,000. Pathstone Holdings LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $37,662,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $224,000. Bradley Foster & Sargent Inc. CT increased its position in shares of Marsh & McLennan Companies by 5.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 512,620 shares of the financial services provider’s stock worth $97,126,000 after purchasing an additional 27,815 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after buying an additional 2,526,701 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MMC has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday. Barclays assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Bank of America boosted their price objective on Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. Finally, Roth Mkm raised their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $216.69.

Marsh & McLennan Companies Trading Up 1.2 %

Shares of NYSE:MMC opened at $226.75 on Thursday. The company has a market cap of $111.73 billion, a PE ratio of 28.78, a P/E/G ratio of 3.13 and a beta of 0.94. The company’s 50 day moving average is $224.35 and its two-hundred day moving average is $213.85. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $2.20 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

About Marsh & McLennan Companies

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.