Aurdan Capital Management LLC Has $8.32 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

Aurdan Capital Management LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,070 shares of the financial services provider’s stock after selling 1,213 shares during the period. Marsh & McLennan Companies comprises approximately 2.8% of Aurdan Capital Management LLC’s holdings, making the stock its 9th largest position. Aurdan Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $8,324,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management grew its position in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Capital Analysts LLC lifted its stake in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after buying an additional 64 shares in the last quarter. Finally, Clean Yield Group lifted its stake in shares of Marsh & McLennan Companies by 114.4% during the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock valued at $42,000 after buying an additional 103 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.3%

Shares of NYSE MMC opened at $178.12 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12-month low of $176.10 and a 12-month high of $248.00. The stock has a market capitalization of $87.26 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.25 and a beta of 0.81. The firm’s 50-day moving average price is $198.29 and its 200-day moving average price is $210.76.

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

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MMC. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday. Morgan Stanley decreased their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Barclays decreased their target price on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Finally, Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $234.07.

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.