American Trust Has $4.95 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

American Trust decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,186 shares of the financial services provider's stock after selling 3,983 shares during the period. American Trust's holdings in Marsh & McLennan Companies were worth $4,949,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Synovus Financial Corp lifted its position in shares of Marsh & McLennan Companies by 3.0% during the third quarter. Synovus Financial Corp now owns 29,970 shares of the financial services provider's stock worth $6,686,000 after purchasing an additional 873 shares during the last quarter. Tidal Investments LLC lifted its holdings in Marsh & McLennan Companies by 17.2% in the third quarter. Tidal Investments LLC now owns 13,013 shares of the financial services provider's stock worth $2,903,000 after acquiring an additional 1,911 shares during the last quarter. Destination Wealth Management lifted its holdings in Marsh & McLennan Companies by 19.4% in the third quarter. Destination Wealth Management now owns 1,159 shares of the financial services provider's stock worth $259,000 after acquiring an additional 188 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Marsh & McLennan Companies by 204.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,640 shares of the financial services provider's stock worth $1,927,000 after acquiring an additional 5,799 shares during the last quarter. Finally, Arvest Bank Trust Division bought a new position in Marsh & McLennan Companies in the third quarter worth about $206,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $0.85 during mid-day trading on Friday, hitting $215.07. The company's stock had a trading volume of 1,520,286 shares, compared to its average volume of 1,704,935. The stock's fifty day moving average price is $224.26 and its two-hundred day moving average price is $220.62. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $105.63 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the business posted $1.57 EPS. The company's revenue was up 5.9% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company's stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MMC. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a report on Tuesday, October 22nd. UBS Group raised their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Bank of America lifted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Barclays lifted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $228.13.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.