Cambridge Trust Co. Buys 90 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cambridge Trust Co. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,906 shares of the financial services provider’s stock after purchasing an additional 90 shares during the period. Cambridge Trust Co.’s holdings in Marsh & McLennan Companies were worth $361,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Markel Corp lifted its position in Marsh & McLennan Companies by 1.5% during the 1st quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock valued at $105,456,000 after acquiring an additional 9,300 shares during the period. United Bank raised its holdings in Marsh & McLennan Companies by 1.9% in the first quarter. United Bank now owns 7,580 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 144 shares during the last quarter. Blair William & Co. IL raised its holdings in Marsh & McLennan Companies by 1.9% in the first quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock worth $6,395,000 after buying an additional 695 shares during the last quarter. Cetera Investment Advisers raised its holdings in Marsh & McLennan Companies by 43.9% in the first quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock worth $714,000 after buying an additional 1,277 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Marsh & McLennan Companies by 8.5% during the first quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock valued at $523,000 after buying an additional 241 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, January 26th. Morgan Stanley upped their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore ISI boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, TD Cowen began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $204.67.

Marsh & McLennan Companies Trading Up 2.1 %

NYSE MMC opened at $201.73 on Friday. The company’s 50-day moving average price is $202.77 and its 200-day moving average price is $196.72. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a market cap of $99.56 billion, a PE ratio of 26.78, a PEG ratio of 3.59 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the business posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 37.72%.

Insiders Place Their Bets

In other news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Martine Ferland sold 9,128 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the sale, the chief executive officer now directly owns 9,979 shares in the company, valued at approximately $2,012,065.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 in the last three months. Corporate insiders own 0.30% of the company’s stock.

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.