Pine Valley Investments Ltd Liability Co Has $443,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Pine Valley Investments Ltd Liability Co lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,984 shares of the financial services provider’s stock after selling 159 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Marsh & McLennan Companies were worth $443,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Carmichael Hill & Associates Inc. boosted its holdings in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Crewe Advisors LLC grew its holdings in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Marsh & McLennan Companies during the 3rd quarter worth $41,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Marsh & McLennan Companies in the second quarter valued at about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MMC. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Roth Mkm lifted 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. UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $242.00 to $250.00 in a research report on Thursday. Finally, The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $228.13.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of MMC opened at $215.07 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $235.50. The stock has a market capitalization of $105.63 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.58 and a beta of 0.94. The stock has a fifty day moving average of $224.12 and a 200-day moving average of $220.67.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 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 during the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the company earned $1.57 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was 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 directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

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.