New Covenant Trust Company N.A. Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

New Covenant Trust Company N.A. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 994 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other institutional investors have also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at about $3,710,000. Czech National Bank lifted its position in shares of Marsh & McLennan Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after buying an additional 6,282 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Marsh & McLennan Companies by 2.6% in the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock valued at $195,003,000 after acquiring an additional 23,133 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Marsh & McLennan Companies by 12.4% during the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after acquiring an additional 100,378 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Marsh & McLennan Companies by 8.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 68,383 shares of the financial services provider’s stock worth $14,086,000 after purchasing an additional 5,554 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Bank of America raised their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective 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. Finally, UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $225.33.

Insider Activity at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 0.4 %

Shares of NYSE MMC opened at $219.10 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The company has a market cap of $107.60 billion, a P/E ratio of 26.98, a P/E/G ratio of 3.24 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $225.16 and a two-hundred day simple moving average of $216.41.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the business posted $1.57 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

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.