Stifel Financial Corp Reduces Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Stifel Financial Corp lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,786 shares of the financial services provider's stock after selling 33,477 shares during the quarter. Stifel Financial Corp owned 0.07% of Marsh & McLennan Companies worth $76,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMC. IAM Advisory LLC boosted its holdings in Marsh & McLennan Companies by 2.3% in the second quarter. IAM Advisory LLC now owns 7,907 shares of the financial services provider's stock worth $1,666,000 after purchasing an additional 180 shares during the last quarter. Czech National Bank boosted its holdings in Marsh & McLennan Companies by 8.5% in the second quarter. Czech National Bank now owns 93,893 shares of the financial services provider's stock worth $19,785,000 after purchasing an additional 7,325 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in Marsh & McLennan Companies in the second quarter worth approximately $8,967,000. Occidental Asset Management LLC boosted its holdings in Marsh & McLennan Companies by 5.6% in the second quarter. Occidental Asset Management LLC now owns 17,202 shares of the financial services provider's stock worth $3,625,000 after purchasing an additional 911 shares during the last quarter. Finally, Sterling Group Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $332,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business's 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 sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Price Performance

NYSE MMC traded down $3.10 on Friday, reaching $225.16. The company had a trading volume of 1,311,267 shares, compared to its average volume of 1,767,823. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $110.58 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.76 and a beta of 0.94. The firm's 50 day moving average price is $224.80 and its 200 day moving average price is $220.51. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly 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 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%. Marsh & McLennan Companies's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. As a group, equities analysts predict 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. Stockholders of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target 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. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Evercore ISI reiterated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Two 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $227.60.

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.