Rockland Trust Co. Purchases 10,734 Shares of Marsh & McLennan Companies, Inc. $MMC

Rockland Trust Co. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 801.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,073 shares of the financial services provider’s stock after buying an additional 10,734 shares during the period. Rockland Trust Co.’s holdings in Marsh & McLennan Companies were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMC. Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Westside Investment Management Inc. lifted its position in shares of Marsh & McLennan Companies by 363.3% in 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. Delos Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $32,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

Shares of MMC stock opened at $182.39 on Tuesday. The stock has a market cap of $89.35 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a 50 day simple moving average of $183.97 and a 200 day simple moving average of $191.66.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be given a $0.90 dividend. The ex-dividend date is Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Analysts Set New Price Targets

A number of equities analysts have commented on MMC shares. Royal Bank Of Canada began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Barclays increased their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Finally, Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $216.88.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.