Pine Valley Investments Ltd Liability Co Has $443,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Pine Valley Investments Ltd Liability Co lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,984 shares of the financial services provider’s stock after selling 159 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Marsh & McLennan Companies were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. grew its holdings in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the third quarter worth $31,000. Crewe Advisors LLC increased its holdings in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after buying an additional 80 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 712.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after buying an additional 171 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MMC. UBS Group raised their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Bank of America boosted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Roth Mkm lifted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $228.13.

Marsh & McLennan Companies Trading Down 0.4 %

Shares of NYSE:MMC opened at $215.07 on Friday. The stock has a market capitalization of $105.63 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. The company’s 50-day moving average price is $224.12 and its two-hundred day moving average price is $220.67. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results 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. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 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.