Fiduciary Trust Co Has $2.87 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fiduciary Trust Co boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 49.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,883 shares of the financial services provider’s stock after purchasing an additional 4,253 shares during the quarter. Fiduciary Trust Co’s holdings in Marsh & McLennan Companies were worth $2,874,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after buying an additional 518,185 shares in the last quarter. Legal & General Group Plc lifted its holdings in Marsh & McLennan Companies by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after buying an additional 223,257 shares in the last quarter. Parnassus Investments LLC lifted its holdings in Marsh & McLennan Companies by 2.0% during the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after buying an additional 85,754 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Marsh & McLennan Companies by 1.7% in the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock valued at $718,368,000 after purchasing an additional 58,461 shares during the period. Finally, Jensen Investment Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 1.3% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after purchasing an additional 40,182 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $233.24 on Friday. The stock has a market capitalization of $114.55 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.81 and a beta of 0.94. The business has a 50-day moving average of $224.06 and a 200-day moving average of $219.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $235.21.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the company earned $1.57 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MMC has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm increased their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $227.60.

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.