Marsh & McLennan Companies, Inc. $MMC Shares Sold by Aurdan Capital Management LLC

Aurdan Capital Management LLC reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,108 shares of the financial services provider’s stock after selling 3,962 shares during the period. Marsh & McLennan Companies accounts for about 2.2% of Aurdan Capital Management LLC’s holdings, making the stock its 11th biggest position. Aurdan Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $6,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bison Wealth LLC raised its stake in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 869 shares during the last quarter. Roundview Capital LLC boosted its stake in shares of Marsh & McLennan Companies by 16.5% during the 2nd quarter. Roundview Capital LLC now owns 1,037 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 147 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Marsh & McLennan Companies by 48.6% during the second quarter. Shell Asset Management Co. now owns 8,577 shares of the financial services provider’s stock worth $1,875,000 after buying an additional 2,806 shares in the last quarter. Finally, Sax Wealth Advisors LLC lifted its stake in shares of Marsh & McLennan Companies by 33.4% during the second quarter. Sax Wealth Advisors LLC now owns 1,493 shares of the financial services provider’s stock valued at $326,000 after buying an additional 374 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MMC. JPMorgan Chase & Co. cut their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Cantor Fitzgerald reduced their target price on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Mizuho began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price for the company. Finally, Bank of America reaffirmed an “underperform” rating and set a $181.00 price target (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $216.88.

Marsh & McLennan Companies Price Performance

MMC opened at $182.39 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The company has a 50 day moving average of $184.02 and a two-hundred day moving average of $192.29. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.