Hudson Valley Investment Advisors Inc. ADV Reduces Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hudson Valley Investment Advisors Inc. ADV cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% during the fourth quarter, HoldingsChannel reports. The fund owned 49,914 shares of the financial services provider’s stock after selling 418 shares during the period. Marsh & McLennan Companies comprises 1.2% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 25th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Marsh & McLennan Companies were worth $10,602,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MMC. Private Advisor Group LLC raised its stake in shares of Marsh & McLennan Companies by 2.2% in the 2nd quarter. Private Advisor Group LLC now owns 15,020 shares of the financial services provider’s stock valued at $3,165,000 after acquiring an additional 329 shares during the period. PFG Investments LLC lifted its stake in Marsh & McLennan Companies by 4.0% during the second quarter. PFG Investments LLC now owns 2,443 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 94 shares in the last quarter. MGO One Seven LLC boosted its position in shares of Marsh & McLennan Companies by 8.1% during the second quarter. MGO One Seven LLC now owns 5,480 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 410 shares during the period. Angeles Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at $321,000. Finally, AGF Management Ltd. raised its holdings in shares of Marsh & McLennan Companies by 6.6% in the 2nd quarter. AGF Management Ltd. now owns 17,836 shares of the financial services provider’s stock valued at $3,758,000 after buying an additional 1,105 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MMC shares. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America increased their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Finally, UBS Group increased their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $228.47.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $211.30 on Friday. The stock’s 50-day simple moving average is $219.72 and its 200-day simple moving average is $221.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $103.77 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

About Marsh & McLennan Companies

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.