Aigen Investment Management LP Reduces Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aigen Investment Management LP lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,804 shares of the financial services provider's stock after selling 4,052 shares during the period. Aigen Investment Management LP's holdings in Marsh & McLennan Companies were worth $1,518,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC grew its stake in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock worth $64,000 after purchasing an additional 45 shares during the period. Kingfisher Capital LLC grew its stake in Marsh & McLennan Companies by 4.7% in the second quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock valued at $220,000 after acquiring an additional 47 shares during the period. Drive Wealth Management LLC increased its holdings in shares of Marsh & McLennan Companies by 3.7% during the second quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 49 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of Marsh & McLennan Companies by 2.3% during the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock valued at $468,000 after acquiring an additional 49 shares in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Marsh & McLennan Companies by 0.6% during the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock valued at $1,887,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Ratings Changes

MMC has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. Finally, Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $225.33.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded up $1.45 during trading on Tuesday, reaching $225.24. 1,772,049 shares of the stock traded hands, compared to its average volume of 1,688,657. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $232.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50-day moving average of $224.75 and a 200-day moving average of $217.45. The stock has a market capitalization of $110.62 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the company posted $1.57 EPS. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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 paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. Marsh & McLennan Companies's payout ratio is 40.15%.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction 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 sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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 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.