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

Prime Capital Investment Advisors LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter valued at $27,000. Carmichael Hill & Associates Inc. grew its position in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Crewe Advisors LLC increased its position in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Marsh & McLennan Companies in the third quarter worth about $41,000. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’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 sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock opened at $222.14 on Friday. 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 52 week low of $184.28 and a 52 week high of $232.32. The company has a fifty day simple moving average of $224.42 and a two-hundred day simple moving average of $217.72. The firm has a market capitalization of $109.10 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.94.

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 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 company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MMC shares. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. 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. Finally, Barclays began coverage on 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. Two equities research 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $225.33.

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.