Prime Capital Investment Advisors LLC Sells 131 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Prime Capital Investment Advisors LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,725 shares of the financial services provider’s stock after selling 131 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at about $27,000. Blair William & Co. IL lifted its stake in Marsh & McLennan Companies by 0.4% in the 1st quarter. Blair William & Co. IL now owns 40,912 shares of the financial services provider’s stock worth $8,427,000 after purchasing an additional 166 shares in the last quarter. Nicolet Advisory Services LLC boosted its holdings in Marsh & McLennan Companies by 7.2% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,162 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 145 shares during the period. Spirepoint Private Client LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $630,000. Finally, Edgestream Partners L.P. raised its position in shares of Marsh & McLennan Companies by 2,032.4% in the first quarter. Edgestream Partners L.P. now owns 24,075 shares of the financial services provider’s stock worth $4,959,000 after buying an additional 22,946 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade 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 is accessible through this link. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $222.14 on Friday. The firm has a market cap of $109.10 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.94. The company’s fifty day simple moving average is $224.42 and its two-hundred day simple moving average is $217.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. 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) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were issued a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MMC shares. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Royal Bank of Canada boosted 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. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their target price on 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $225.33.

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.