Aurdan Capital Management LLC Cuts Holdings in Marsh & McLennan Companies, Inc. $MMC

Aurdan Capital Management LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,108 shares of the financial services provider’s stock after selling 3,962 shares during the quarter. Marsh & McLennan Companies makes up approximately 2.2% of Aurdan Capital Management LLC’s portfolio, making the stock its 11th biggest position. Aurdan Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $6,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMC. Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $25,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at $29,000. Westside Investment Management Inc. boosted its stake in Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 109 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $182.39 on Friday. The company’s fifty day moving average is $184.02 and its two-hundred day moving average is $192.29. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $89.35 billion, a P/E ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be given 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 dividend payout ratio (DPR) is presently 43.17%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Cantor Fitzgerald dropped their price objective on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. TD Cowen dropped their price objective on shares of 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. Finally, Bank of America restated 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. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $216.88.

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.