Oppenheimer & Co. Inc. Sells 56 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Oppenheimer & Co. Inc. lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 1.2% in the third quarter, Holdings Channel.com reports. The fund owned 4,671 shares of the financial services provider’s stock after selling 56 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Marsh & McLennan Companies were worth $889,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MMC. OFI Invest Asset Management purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at $28,000. RVW Wealth LLC purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth $32,000. Jones Financial Companies Lllp lifted its holdings in shares of Marsh & McLennan Companies by 40.5% in the 2nd quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock worth $35,000 after buying an additional 53 shares during the period. Capital Advisors Ltd. LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth $36,000. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.6 %

Shares of NYSE:MMC opened at $196.83 on Friday. The business’s 50-day moving average is $193.30 and its 200 day moving average is $193.35. Marsh & McLennan Companies, Inc. has a 1 year low of $151.86 and a 1 year high of $202.81. The firm has a market capitalization of $97.05 billion, a P/E ratio of 26.14, a P/E/G ratio of 3.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.08.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 EPS. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $2.84 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies’s payout ratio is presently 37.72%.

Wall Street Analysts Forecast Growth

MMC has been the subject of several research reports. StockNews.com cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Raymond James boosted their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Citigroup boosted their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Royal Bank of Canada boosted their price target on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, January 26th. Finally, The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $202.71.

Get Our Latest Stock Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Profile

(Free Report)

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 in two segments, Risk and Insurance Services, and Consulting. 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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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