Horizon Kinetics Asset Management LLC Has $26.56 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Horizon Kinetics Asset Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,074 shares of the financial services provider’s stock after selling 640 shares during the quarter. Marsh & McLennan Companies comprises approximately 0.4% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding. Horizon Kinetics Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $26,564,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Interval Partners LP boosted its position in Marsh & McLennan Companies by 50.6% in the 1st quarter. Interval Partners LP now owns 54,075 shares of the financial services provider’s stock valued at $11,138,000 after buying an additional 18,175 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in Marsh & McLennan Companies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 1,910 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 60 shares during the period. Dynasty Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter worth about $2,559,000. B. Riley Wealth Advisors Inc. lifted its position in Marsh & McLennan Companies by 22.6% during the 1st 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 period. Finally, California State Teachers Retirement System grew its position in shares of Marsh & McLennan Companies by 1.2% during the 1st quarter. California State Teachers Retirement System now owns 824,404 shares of the financial services provider’s stock worth $169,811,000 after buying an additional 9,977 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.3 %

NYSE MMC opened at $228.50 on Monday. The stock has a market capitalization of $112.22 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.39 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The stock’s 50 day moving average price is $223.67 and its two-hundred day moving average price is $218.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

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 analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Analysts Set New Price Targets

MMC has been the topic of several analyst reports. Bank of America increased their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday. Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.