Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Trimmed by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,192 shares of the financial services provider's stock after selling 11,095 shares during the period. Marsh & McLennan Companies makes up about 1.9% of Hardman Johnston Global Advisors LLC's investment portfolio, making the stock its 18th biggest position. Hardman Johnston Global Advisors LLC's holdings in Marsh & McLennan Companies were worth $48,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC grew its holdings in shares of Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock worth $64,000 after acquiring an additional 45 shares during the period. Kingfisher Capital LLC grew its holdings in Marsh & McLennan Companies by 4.7% during the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock valued at $220,000 after buying an additional 47 shares during the last quarter. Drive Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider's stock valued at $291,000 after buying an additional 49 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock valued at $468,000 after buying an additional 49 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Marsh & McLennan Companies by 0.6% during the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock valued at $1,887,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated 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 of the company's stock, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MMC shares. Bank of America increased their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. UBS Group increased their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $225.33.

Marsh & McLennan Companies Trading Up 0.8 %

Marsh & McLennan Companies stock traded up $1.70 during midday trading on Wednesday, reaching $223.25. The stock had a trading volume of 2,659,320 shares, compared to its average volume of 1,778,435. The stock's 50-day simple moving average is $224.95 and its 200 day simple moving average is $216.86. The stock has a market capitalization of $109.64 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. 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 (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion for 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 firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS 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. Shareholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio is presently 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.