NorthRock Partners LLC Decreases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NorthRock Partners LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,911 shares of the financial services provider’s stock after selling 776 shares during the period. NorthRock Partners LLC’s holdings in Marsh & McLennan Companies were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Marsh & McLennan Companies in the 2nd quarter valued at $3,710,000. Czech National Bank lifted its holdings in Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after purchasing an additional 6,282 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Marsh & McLennan Companies by 2.6% during the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after acquiring an additional 23,133 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Marsh & McLennan Companies by 8.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 68,383 shares of the financial services provider’s stock worth $14,086,000 after acquiring an additional 5,554 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Marsh & McLennan Companies by 236.7% during the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock worth $11,431,000 after acquiring an additional 39,013 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MMC shares. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. BMO Capital Markets raised their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $225.33.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $221.55 on Wednesday. The stock has a 50-day simple moving average of $225.00 and a 200-day simple moving average of $216.82. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $108.81 billion, a PE ratio of 27.28, a PEG ratio of 3.26 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $232.32.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

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.