Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,317 shares of the financial services provider's stock after selling 7,016 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Marsh & McLennan Companies were worth $27,511,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Carmichael Hill & Associates Inc. raised its stake in Marsh & McLennan Companies by 85.7% in 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 in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth $31,000. Crewe Advisors LLC boosted its position in 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 in the last quarter. Iron Horse Wealth Management LLC grew its stake 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 valued at $41,000 after purchasing an additional 171 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in Marsh & McLennan Companies in the second quarter worth about $41,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MMC shares. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. 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 report on Thursday, November 21st. Bank of America increased their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $228.13.

Marsh & McLennan Companies Stock Performance

MMC traded up $1.57 during trading on Thursday, reaching $215.92. 2,150,662 shares of the company's stock were exchanged, compared to its average volume of 1,705,702. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $235.50. The company's fifty day simple moving average is $224.38 and its 200-day simple moving average is $220.66. The stock has a market capitalization of $106.04 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.71 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.71 billion. During the same quarter last year, the company posted $1.57 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were paid a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.51%. Marsh & McLennan Companies's payout ratio is 40.15%.

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.