MAI Capital Management Has $1.59 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

MAI Capital Management lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 38.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,144 shares of the financial services provider's stock after selling 4,474 shares during the period. MAI Capital Management's holdings in Marsh & McLennan Companies were worth $1,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Fortitude Family Office LLC boosted its position in Marsh & McLennan Companies by 18.8% during 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 increased its stake 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 period. Drive Wealth Management LLC raised its position in shares of 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 worth $291,000 after buying an additional 49 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in 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 worth $468,000 after purchasing an additional 49 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in Marsh & McLennan Companies by 0.6% in the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock worth $1,887,000 after purchasing an additional 51 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $0.12 during trading on Thursday, hitting $222.08. 373,128 shares of the company's stock traded hands, compared to its average volume of 1,682,329. 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 firm's fifty day moving average price is $223.81 and its 200 day moving average price is $218.49. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The company has a market cap of $109.07 billion, a PE ratio of 27.28, a PEG ratio of 3.29 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping 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 company had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies's payout ratio is currently 40.15%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MMC shares. Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research report on Thursday, October 10th. Roth Mkm boosted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Jefferies Financial Group lifted 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. Finally, Bank of America boosted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $226.00.

Marsh & McLennan Companies 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.