Builder Investment Group Inc. ADV Trims Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Builder Investment Group Inc. ADV cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,306 shares of the financial services provider’s stock after selling 100 shares during the quarter. Marsh & McLennan Companies makes up about 2.3% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 8th largest position. Builder Investment Group Inc. ADV’s holdings in Marsh & McLennan Companies were worth $8,349,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MMC. Carmichael Hill & Associates Inc. boosted its holdings in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $41,000. Bangor Savings Bank purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $46,000. Finally, Richardson Financial Services Inc. lifted its holdings in Marsh & McLennan Companies by 390.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock worth $57,000 after buying an additional 215 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MMC. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. 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. Bank of America increased 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. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Finally, BMO Capital Markets raised their price objective 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $212.51 on Thursday. The company has a market cap of $104.37 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. 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 stock’s fifty day moving average price is $219.17 and its 200-day moving average price is $221.15.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.53%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.