Riverview Trust Co Lowers Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Riverview Trust Co decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 64.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 400 shares of the financial services provider’s stock after selling 710 shares during the period. Riverview Trust Co’s holdings in Marsh & McLennan Companies were worth $87,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Accent Capital Management LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at approximately $25,000. Knuff & Co LLC purchased a new position in Marsh & McLennan Companies in the first quarter worth about $28,000. Activest Wealth Management increased its position in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 111 shares during the last quarter. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $37,000. Finally, Capital Analysts LLC raised its position in Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Barclays reduced their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Morgan Stanley lowered their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Finally, UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $238.76.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $201.41 on Thursday. The company has a 50 day moving average price of $203.32 and a 200-day moving average price of $217.18. The firm has a market cap of $99.02 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.Marsh & McLennan Companies’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 EPS. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.