Aviso Financial Inc. Has $5.81 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Aviso Financial Inc. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,553 shares of the financial services provider’s stock after acquiring an additional 459 shares during the period. Aviso Financial Inc.’s holdings in Marsh & McLennan Companies were worth $5,806,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in Marsh & McLennan Companies by 7.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 42,145 shares of the financial services provider’s stock worth $9,215,000 after purchasing an additional 2,961 shares in the last quarter. Quadcap Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 7.9% during the 2nd quarter. Quadcap Wealth Management LLC now owns 4,965 shares of the financial services provider’s stock worth $1,086,000 after acquiring an additional 365 shares during the last quarter. Insigneo Advisory Services LLC increased its position in Marsh & McLennan Companies by 8.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,391 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 113 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of Marsh & McLennan Companies by 5.5% in the second quarter. Horizon Kinetics Asset Management LLC now owns 156,787 shares of the financial services provider’s stock worth $34,280,000 after acquiring an additional 8,194 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC grew its stake in shares of Marsh & McLennan Companies by 25.9% during the second quarter. Foster Dykema Cabot & Partners LLC now owns 1,767 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 364 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MMC has been the topic of several research reports. Evercore ISI reduced their price objective on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. TD Cowen cut their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. Bank of America reaffirmed an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $227.69.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $179.45 on Tuesday. The firm has a market capitalization of $87.91 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average of $190.55 and a 200-day moving average of $205.82.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Insiders Place Their Bets

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

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.