Hudson Valley Investment Advisors Inc. ADV Buys 3,276 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,332 shares of the financial services provider’s stock after purchasing an additional 3,276 shares during the period. Marsh & McLennan Companies accounts for approximately 1.2% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 24th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Marsh & McLennan Companies were worth $11,229,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the 1st quarter worth $27,000. Crewe Advisors LLC raised its position in Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth about $41,000. Iron Horse Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 712.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 171 shares in the last quarter. Finally, Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $46,000. 87.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock valued at $4,420,137 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MMC stock opened at $221.15 on Thursday. The company has a market capitalization of $108.61 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 3.33 and a beta of 0.94. 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 $232.32. The business has a 50-day simple moving average of $225.39 and a two-hundred day simple moving average of $216.10.

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, 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 for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the firm earned $1.57 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Wall Street Analyst Weigh In

MMC has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Two investment 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, Marsh & McLennan Companies has an average rating of “Hold” and an average 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.