Midwest Trust Co Makes New $878,000 Investment in Marsh & McLennan Companies, Inc. $MMC

Midwest Trust Co bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,016 shares of the financial services provider’s stock, valued at approximately $878,000.

Several other large investors have also recently made changes to their positions in the business. Accent Capital Management LLC purchased a new position in Marsh & McLennan Companies during the first quarter valued at $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter valued at about $28,000. Activest Wealth Management raised its holdings in Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after buying an additional 111 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of 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 buying an additional 109 shares during the last quarter. Finally, Access Investment Management LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $39,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Up 2.0%

MMC stock opened at $181.72 on Wednesday. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The stock has a market cap of $89.03 billion, a P/E ratio of 21.79, a PEG ratio of 2.25 and a beta of 0.78. The business’s 50-day moving average price is $194.46 and its 200-day moving average price is $208.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MMC shares. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. UBS Group lowered their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $209.00 to $191.00 in a research report on Friday, October 17th. Evercore ISI cut their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Finally, TD Cowen lowered their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $228.63.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.