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

Yousif Capital Management LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.5% in the third quarter, HoldingsChannel.com reports. The fund owned 63,688 shares of the financial services provider’s stock after selling 3,698 shares during the quarter. Yousif Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $12,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. McAdam LLC grew its stake in Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after buying an additional 47 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Marsh & McLennan Companies by 5.9% during the second quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 47 shares during the period. TFR Capital LLC. increased its holdings in shares of Marsh & McLennan Companies by 2.7% in the 2nd quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 48 shares during the period. Ignite Planners LLC lifted its position in Marsh & McLennan Companies by 3.5% in the 2nd quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 49 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its stake in Marsh & McLennan Companies by 0.7% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 50 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $185.90 on Wednesday. The company has a market cap of $91.08 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 3.18 and a beta of 0.75. The company’s fifty day moving average is $183.44 and its two-hundred day moving average is $199.04. 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, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating 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 firm earned $1.63 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 11.5% on a year-over-year basis. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho started coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target on the stock. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Evercore ISI reduced their price target on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Finally, Bank of America reiterated an “underperform” rating and set a $181.00 price objective (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $222.35.

Marsh & McLennan Companies 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.