Private Advisor Group LLC Has $3.14 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Private Advisor Group LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,083 shares of the financial services provider’s stock after selling 937 shares during the period. Private Advisor Group LLC’s holdings in Marsh & McLennan Companies were worth $3,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $27,000. Crewe Advisors LLC lifted its position in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. bought a new position in Marsh & McLennan Companies in the first quarter worth $35,000. Iron Horse Wealth Management LLC lifted its position in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares during the period. Finally, Ridgewood Investments LLC bought a new position in Marsh & McLennan Companies in the second quarter worth $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC opened at $221.84 on Tuesday. The company has a fifty day moving average price of $225.50 and a two-hundred day moving average price of $215.90. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The firm has a market capitalization of $109.31 billion, a PE ratio of 28.15, a P/E/G ratio of 3.33 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,566 shares of company stock valued at $4,420,137. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MMC shares. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $225.33.

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.