German American Bancorp Inc. Lowers Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

German American Bancorp Inc. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,346 shares of the financial services provider’s stock after selling 88 shares during the period. German American Bancorp Inc.’s holdings in Marsh & McLennan Companies were worth $300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its holdings in shares of Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after buying an additional 45 shares in the last quarter. Kingfisher Capital LLC lifted its stake in shares of 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 purchasing an additional 47 shares during the period. Drive Wealth Management LLC boosted its holdings in shares of 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 worth $291,000 after purchasing an additional 49 shares during the last quarter. Legacy Financial Advisors Inc. increased its stake 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 valued at $468,000 after purchasing an additional 49 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in 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 worth $1,887,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of several research analyst reports. UBS Group raised their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Barclays began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. Bank of America boosted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. BMO Capital Markets raised their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two investment 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. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $221.96 on Thursday. 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 $232.32. The firm has a 50-day moving average of $223.81 and a two-hundred day moving average of $218.49. The stock has a market cap of $109.01 billion, a P/E ratio of 27.34, a PEG ratio of 3.29 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data 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 return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the business earned $1.57 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed 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. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

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.