Rockefeller Capital Management L.P. Sells 3,562 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Rockefeller Capital Management L.P. reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,702 shares of the financial services provider's stock after selling 3,562 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Marsh & McLennan Companies were worth $15,092,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MMC. Fortitude Family Office LLC boosted its stake in shares of 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 in the last quarter. Kingfisher Capital LLC raised its holdings 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 worth $220,000 after buying an additional 47 shares during the period. Drive Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 3.7% during the second quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider's stock valued at $291,000 after buying an additional 49 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Marsh & McLennan Companies by 2.3% in the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock worth $468,000 after acquiring an additional 49 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Marsh & McLennan Companies by 0.6% during the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock valued at $1,887,000 after acquiring an additional 51 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Bank of America increased their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. BMO Capital Markets increased 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 report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Barclays increased their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Finally, Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $227.60.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $0.19 during trading hours on Monday, reaching $233.04. 1,357,544 shares of the company were exchanged, compared to its average volume of 1,694,804. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $235.50. The firm has a market cap of $114.45 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.81 and a beta of 0.94. 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 50-day moving average of $224.26 and a 200 day moving average of $219.89.

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. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 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.