Curi RMB Capital LLC Sells 889 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Curi RMB Capital LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 70,844 shares of the financial services provider’s stock after selling 889 shares during the quarter. Curi RMB Capital LLC’s holdings in Marsh & McLennan Companies were worth $15,805,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealthstream Advisors Inc. bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $213,000. Zions Bancorporation N.A. lifted its holdings in Marsh & McLennan Companies by 14.2% in the 3rd quarter. Zions Bancorporation N.A. now owns 23,648 shares of the financial services provider’s stock worth $5,276,000 after buying an additional 2,946 shares during the period. KBC Group NV increased its stake in shares of Marsh & McLennan Companies by 130.6% during the third quarter. KBC Group NV now owns 216,947 shares of the financial services provider’s stock valued at $48,399,000 after buying an additional 122,880 shares during the period. Bouvel Investment Partners LLC raised its holdings in shares of Marsh & McLennan Companies by 0.6% during the third quarter. Bouvel Investment Partners LLC now owns 13,473 shares of the financial services provider’s stock valued at $3,006,000 after acquiring an additional 82 shares in the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in Marsh & McLennan Companies by 17.0% in the third quarter. Plato Investment Management Ltd now owns 19,184 shares of the financial services provider’s stock valued at $4,275,000 after acquiring an additional 2,781 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MMC shares. Royal Bank of Canada raised their target price on shares of 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. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Roth Mkm lifted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of NYSE:MMC opened at $225.64 on Thursday. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $232.32. The company has a market cap of $110.82 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94. The stock has a 50 day moving average of $224.56 and a 200 day moving average of $217.70. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.57 EPS. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies’s payout ratio is 40.15%.

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.