Moors & Cabot Inc. Has $371,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moors & Cabot Inc. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% during the third quarter, Holdings Channel.com reports. The firm owned 1,661 shares of the financial services provider’s stock after selling 59 shares during the quarter. Moors & Cabot Inc.’s holdings in Marsh & McLennan Companies were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MMC. Bellwether Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $6,064,000. West Family Investments Inc. increased its position in Marsh & McLennan Companies by 6.1% during the 3rd quarter. West Family Investments Inc. now owns 4,990 shares of the financial services provider’s stock valued at $1,113,000 after purchasing an additional 288 shares during the period. PNC Financial Services Group Inc. raised its holdings in Marsh & McLennan Companies by 3.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 587,472 shares of the financial services provider’s stock worth $131,059,000 after purchasing an additional 21,181 shares during the last quarter. Parnassus Investments LLC lifted its position in shares of Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after purchasing an additional 85,754 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $46,714,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s 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 directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on MMC shares. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised 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 report on Tuesday, October 22nd. Finally, UBS Group boosted their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $226.00.

Marsh & McLennan Companies Trading Up 1.5 %

MMC opened at $227.82 on Friday. The firm has a market capitalization of $111.89 billion, a PE ratio of 28.06, a P/E/G ratio of 3.34 and a beta of 0.94. 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 fifty-two week low of $184.28 and a fifty-two week high of $232.32. The company’s 50-day moving average is $223.67 and its 200 day moving average is $218.82.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $1.57 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

About Marsh & McLennan Companies

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.