iA Global Asset Management Inc. Trims Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

iA Global Asset Management Inc. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 86.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,935 shares of the financial services provider's stock after selling 49,701 shares during the period. iA Global Asset Management Inc.'s holdings in Marsh & McLennan Companies were worth $1,770,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Burke & Herbert Bank & Trust Co. bought a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $209,000. Diversified Trust Co increased its stake in Marsh & McLennan Companies by 56.1% during the 2nd quarter. Diversified Trust Co now owns 25,553 shares of the financial services provider's stock valued at $5,385,000 after purchasing an additional 9,184 shares in the last quarter. Ipswich Investment Management Co. Inc. increased its stake in Marsh & McLennan Companies by 0.4% during the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 33,733 shares of the financial services provider's stock valued at $7,108,000 after purchasing an additional 125 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Marsh & McLennan Companies by 14.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,972 shares of the financial services provider's stock valued at $13,059,000 after purchasing an additional 7,735 shares in the last quarter. Finally, James Hambro & Partners increased its stake in Marsh & McLennan Companies by 36.7% during the 2nd quarter. James Hambro & Partners now owns 2,486 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 667 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. Finally, Bank of America increased their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $227.60.

Marsh & McLennan Companies Trading Down 3.1 %

Marsh & McLennan Companies stock traded down $6.99 during mid-day trading on Monday, hitting $218.17. The company's stock had a trading volume of 2,842,315 shares, compared to its average volume of 1,700,133. The company has a 50 day moving average of $224.70 and a 200-day moving average of $220.65. The stock has a market cap of $107.15 billion, a PE ratio of 26.87, a P/E/G ratio of 2.71 and a beta of 0.94. 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 one year low of $184.28 and a one year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 40.15%.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 48,549 shares of the company's stock, valued at $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 available through this hyperlink. 0.35% of the stock is currently owned by company 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.