Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,545 shares of the financial services provider’s stock after selling 340 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Marsh & McLennan Companies by 7.0% during the 4th quarter. BlackRock Inc. now owns 42,432,232 shares of the financial services provider’s stock worth $3,383,971,000 after purchasing an additional 2,758,761 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Marsh & McLennan Companies by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 36,874,092 shares of the financial services provider’s stock worth $3,050,224,000 after purchasing an additional 218,725 shares in the last quarter. Vanguard Group Inc grew its position in shares of Marsh & McLennan Companies by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 36,874,092 shares of the financial services provider’s stock worth $3,050,224,000 after purchasing an additional 218,725 shares in the last quarter. Capital International Investors grew its position in shares of Marsh & McLennan Companies by 54.5% during the 3rd quarter. Capital International Investors now owns 19,177,774 shares of the financial services provider’s stock worth $1,586,385,000 after purchasing an additional 6,762,637 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Marsh & McLennan Companies by 7,364.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,053,539 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 8,932,244 shares in the last quarter. 87.05% of the stock is currently owned by hedge funds and other institutional investors.

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,245 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total value of $115,287.00. Following the sale, the vice president now owns 2,923 shares in the company, valued at $270,669.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP E Scott Gilbert sold 89,789 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the completion of the sale, the senior vice president now owns 94,957 shares in the company, valued at approximately $8,550,877.85. The disclosure for this sale can be found here. Insiders have sold a total of 223,725 shares of company stock worth $20,508,280 in the last quarter. 1.16% of the stock is currently owned by company insiders.

Shares of NYSE MMC traded down $0.23 during trading hours on Thursday, hitting $94.41. 25,673 shares of the stock were exchanged, compared to its average volume of 1,708,917. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $47.71 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 1.72 and a beta of 0.88. Marsh & McLennan Companies, Inc. has a 1-year low of $74.30 and a 1-year high of $95.43.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.06. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, April 10th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.76%. Marsh & McLennan Companies’s dividend payout ratio is 38.16%.

A number of research analysts have issued reports on MMC shares. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Tuesday, March 19th. Citigroup set a $99.00 price target on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Finally, Compass Point started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, January 15th. They set a “neutral” rating and a $86.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $92.89.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.com-unik.info/2019/04/05/marsh-mclennan-companies-inc-mmc-shares-sold-by-orrstown-financial-services-inc.html.

Marsh & McLennan Companies Company 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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

Recommended Story: Portfolio Manager

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit