FORA Capital LLC Sells 8,489 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

FORA Capital LLC trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,934 shares of the financial services provider’s stock after selling 8,489 shares during the period. FORA Capital LLC’s holdings in Marsh & McLennan Companies were worth $6,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC increased its position in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the last quarter. Kingfisher Capital LLC increased its holdings in shares of Marsh & McLennan Companies by 4.7% in 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 last quarter. Drive Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 49 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in 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 increased its stake in Marsh & McLennan Companies by 0.6% in 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 last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 1.0 %

Marsh & McLennan Companies stock traded up $2.29 during mid-day trading on Wednesday, reaching $235.06. 85,237 shares of the company traded hands, compared to its average volume of 1,694,009. 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 52-week low of $184.28 and a 52-week high of $235.07. The firm has a market capitalization of $115.44 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 2.78 and a beta of 0.94. The firm’s 50 day moving average price is $223.75 and its 200 day moving average price is $219.31.

Marsh & McLennan Companies (NYSE:MMC) last released 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 company had revenue of $5.70 billion during 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 was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MMC. Bank of America upped their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Two 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $227.60.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’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 owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

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.