Pathstone Holdings LLC Has $48.29 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Pathstone Holdings LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,454 shares of the financial services provider's stock after selling 3,303 shares during the period. Pathstone Holdings LLC's holdings in Marsh & McLennan Companies were worth $48,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Carmichael Hill & Associates Inc. boosted its position in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the third quarter worth $31,000. Crewe Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 80 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in 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 purchasing an additional 171 shares during the period. Finally, Ridgewood Investments LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter valued at about $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 1.3 %

Shares of MMC stock traded down $2.94 on Tuesday, reaching $220.73. 1,384,810 shares of the company's stock traded hands, compared to its average volume of 1,687,715. The business's 50 day moving average price is $223.95 and its two-hundred day moving average price is $218.47. The company has a market capitalization of $108.40 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.30 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 12-month low of $184.28 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. Marsh & McLennan Companies's dividend payout ratio is 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The shares were 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. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a "sell" rating in a research report on Friday, October 18th. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a report on Thursday, October 10th. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. Finally, BMO Capital Markets raised their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $225.33.

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.