Cable Hill Partners LLC Takes $205,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cable Hill Partners LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 918 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $27,000. Carmichael Hill & Associates Inc. raised its position in shares of 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 last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $31,000. Crewe Advisors LLC raised its position in shares of Marsh & McLennan Companies by 100.0% in 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. Finally, 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 purchasing an additional 171 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the 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 sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MMC. Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their target price 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. Finally, UBS Group boosted their target price 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. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $225.33.

Marsh & McLennan Companies Trading Down 1.9 %

MMC stock opened at $221.50 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $108.78 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 3.36 and a beta of 0.94. The business has a 50 day simple moving average of $224.56 and a two-hundred day simple moving average of $217.70.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued 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 (DPR) is 40.15%.

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.