Orion Portfolio Solutions LLC Has $11.88 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Orion Portfolio Solutions LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,253 shares of the financial services provider's stock after selling 2,693 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Marsh & McLennan Companies were worth $11,880,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MMC. Carmichael Hill & Associates Inc. grew its stake in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth about $31,000. Crewe Advisors LLC lifted its stake in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock worth $34,000 after buying an additional 80 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock worth $41,000 after buying an additional 171 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in Marsh & McLennan Companies during the second quarter worth about $41,000. 87.99% of the stock is owned by institutional investors.

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 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 transaction, the director now directly owns 48,549 shares of the company's stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on MMC shares. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. Bank of America lifted their target price 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. UBS Group lifted their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Evercore ISI reaffirmed an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, Wells Fargo & Company dropped their price objective on shares of 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $227.60.

Marsh & McLennan Companies Trading Down 1.4 %

MMC traded down $3.10 on Friday, reaching $225.16. 1,311,267 shares of the company's stock were exchanged, compared to its average volume of 1,767,823. The company's 50 day moving average is $224.80 and its 200-day moving average is $220.57. The company has a market cap of $110.58 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.76 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $235.50. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the company earned $1.57 earnings per share. Marsh & McLennan Companies's revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies's payout ratio is 40.15%.

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.