Aurdan Capital Management LLC Has $9.59 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aurdan Capital Management LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 39,283 shares of the financial services provider's stock after selling 3,259 shares during the period. Marsh & McLennan Companies makes up 3.6% of Aurdan Capital Management LLC's portfolio, making the stock its 5th largest holding. Aurdan Capital Management LLC's holdings in Marsh & McLennan Companies were worth $9,586,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after purchasing an additional 2,960 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $37,178,000. Proficio Capital Partners LLC boosted its holdings in Marsh & McLennan Companies by 40.1% in the 4th quarter. Proficio Capital Partners LLC now owns 3,244 shares of the financial services provider's stock valued at $689,000 after purchasing an additional 928 shares during the period. Moran Wealth Management LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $2,469,000. Finally, Independent Advisor Alliance boosted its holdings in Marsh & McLennan Companies by 119.5% in the 4th quarter. Independent Advisor Alliance now owns 4,635 shares of the financial services provider's stock valued at $985,000 after purchasing an additional 2,523 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MMC. Barclays cut their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $228.00 to $229.00 and gave the stock an "equal weight" rating in a report on Thursday. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating for the company in a report on Wednesday. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Finally, UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $240.50.

Marsh & McLennan Companies Price Performance

NYSE:MMC traded down $3.09 on Friday, hitting $211.62. The company had a trading volume of 2,234,444 shares, compared to its average volume of 1,980,081. The stock has a market capitalization of $104.27 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.59 and a beta of 0.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The firm has a 50 day moving average of $222.70 and a two-hundred day moving average of $224.83. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same quarter last year, the firm earned $2.89 earnings per share. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, July 24th. This represents a $3.60 annualized dividend and a dividend yield of 1.70%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.95%.

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.