Caisse DE Depot ET Placement DU Quebec Sells 118,261 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.4% during the third quarter, HoldingsChannel reports. The firm owned 1,019,104 shares of the financial services provider’s stock after selling 118,261 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Marsh & McLennan Companies were worth $227,352,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Carmichael Hill & Associates Inc. raised its stake in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at approximately $31,000. Crewe Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 100.0% during the 2nd 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 in the last quarter. Iron Horse Wealth Management LLC increased its holdings in 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 in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter valued at about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. 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 note on Friday, October 18th. Jefferies Financial Group raised 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. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, UBS Group boosted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $227.60.

Marsh & McLennan Companies Trading Up 0.0 %

NYSE:MMC opened at $233.25 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. The company’s 50 day moving average price is $224.26 and its 200-day moving average price is $219.69. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $235.50. The stock has a market cap of $114.55 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 2.81 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during 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 business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies 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 sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

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.