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

New Covenant Trust Company N.A. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 906 shares of the financial services provider’s stock, valued at approximately $187,000.

A number of other institutional investors have also made changes to their positions in MMC. Valley National Advisers Inc. raised its holdings in shares of Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies in the first quarter worth about $25,000. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the first quarter worth about $27,000. Finally, Cordant Inc. acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth about $28,000. 87.99% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,338 shares of company stock valued at $2,187,012. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 0.9 %

Shares of NYSE MMC traded up $2.01 during trading hours on Thursday, hitting $224.58. The company had a trading volume of 1,833,014 shares, compared to its average volume of 1,688,251. The firm’s 50 day moving average is $213.20 and its 200-day moving average is $205.58. The stock has a market capitalization of $110.44 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 3.17 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $224.61.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $2.20 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.72 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Analyst Ratings Changes

MMC has been the subject of a number of research reports. Evercore ISI lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley boosted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Roth Mkm boosted their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. TD Cowen boosted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $214.25.

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.