Trust Co. of Toledo NA OH Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Trust Co. of Toledo NA OH grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,178 shares of the financial services provider’s stock after acquiring an additional 508 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Marsh & McLennan Companies were worth $932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Indiana Trust & Investment Management CO bought a new stake in Marsh & McLennan Companies in the 1st quarter worth about $25,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $27,000. Crewe Advisors LLC increased its position in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in Marsh & McLennan Companies during the first quarter worth $35,000. Finally, Iron Horse Wealth Management LLC grew its stake in Marsh & McLennan Companies by 712.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 171 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the business’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 completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock valued at $4,897,317 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.6 %

MMC stock opened at $221.80 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32. The firm has a market capitalization of $109.29 billion, a PE ratio of 28.15, a PEG ratio of 3.13 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a 50-day simple moving average of $224.23 and a two-hundred day simple moving average of $213.40.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 41.37%.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of Marsh & McLennan Companies from $235.00 to $248.00 and gave the stock a “neutral” rating in a report on Tuesday. Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Barclays started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $216.41.

Marsh & McLennan Companies Company 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.