Kingfisher Capital LLC Has $222,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kingfisher Capital LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 995 shares of the financial services provider’s stock after selling 47 shares during the quarter. Kingfisher Capital LLC’s holdings in Marsh & McLennan Companies were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its stake in shares of Marsh & McLennan Companies by 22.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,201 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 591 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Marsh & McLennan Companies by 236.7% in the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock valued at $11,431,000 after buying an additional 39,013 shares during the period. Cetera Advisors LLC raised its position in shares of Marsh & McLennan Companies by 53.1% during the first quarter. Cetera Advisors LLC now owns 8,861 shares of the financial services provider’s stock worth $1,825,000 after acquiring an additional 3,074 shares during the last quarter. Soltis Investment Advisors LLC bought a new position in Marsh & McLennan Companies in the first quarter valued at about $205,000. Finally, EverSource Wealth Advisors LLC increased its position in Marsh & McLennan Companies by 7.4% in the first quarter. EverSource Wealth Advisors LLC now owns 4,524 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $233.24 on Friday. 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 firm has a market cap of $114.55 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.21. The stock’s 50-day moving average is $224.06 and its 200-day moving average is $219.50.

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, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the 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 sale, the director now owns 48,549 shares of the company’s stock, 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 can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday. Roth Mkm increased 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. Bank of America increased their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two research 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, the stock presently has an average rating of “Hold” and an average target price of $227.60.

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.