International Assets Investment Management LLC Has $395,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

International Assets Investment Management LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 99.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,869 shares of the financial services provider's stock after selling 425,895 shares during the period. International Assets Investment Management LLC's holdings in Marsh & McLennan Companies were worth $395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MMC. Carmichael Hill & Associates Inc. grew its stake in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $41,000. Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $46,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth $55,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded down $2.02 during mid-day trading on Friday, reaching $209.33. The company had a trading volume of 2,234,930 shares, compared to its average volume of 1,546,905. The company has a 50-day moving average price of $219.53 and a two-hundred day moving average price of $221.12. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $102.81 billion, a PE ratio of 25.78, a P/E/G ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results 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. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MMC. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price target 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. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an "underperform" rating in a research note on Friday. Finally, Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $228.60.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction 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 sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.