Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Trimmed by M&T Bank Corp

M&T Bank Corp reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,495 shares of the financial services provider's stock after selling 2,550 shares during the period. M&T Bank Corp's holdings in Marsh & McLennan Companies were worth $10,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MMC. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Marsh & McLennan Companies by 14.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 61,972 shares of the financial services provider's stock valued at $13,059,000 after purchasing an additional 7,735 shares during the period. ORG Partners LLC raised its position in shares of Marsh & McLennan Companies by 47,533.3% in the 2nd quarter. ORG Partners LLC now owns 1,429 shares of the financial services provider's stock valued at $300,000 after purchasing an additional 1,426 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Marsh & McLennan Companies by 1.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 45,309 shares of the financial services provider's stock valued at $9,548,000 after buying an additional 430 shares during the last quarter. Bar Harbor Wealth Management grew its position in shares of Marsh & McLennan Companies by 4.3% during the second quarter. Bar Harbor Wealth Management now owns 5,413 shares of the financial services provider's stock worth $1,141,000 after buying an additional 225 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Marsh & McLennan Companies by 4,991.4% in the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock worth $146,047,000 after buying an additional 679,474 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $1.57 during mid-day trading on Thursday, hitting $215.92. 2,150,221 shares of the company's stock traded hands, compared to its average volume of 1,705,702. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50. The company has a market cap of $106.04 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.71 and a beta of 0.94. The firm has a 50 day moving average price of $224.38 and a 200 day moving average price of $220.66. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

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 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.51%. Marsh & McLennan Companies's payout ratio is 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction 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 sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MMC shares. Evercore ISI reissued an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Barclays raised their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $242.00 to $250.00 in a research note on Thursday. Finally, Jefferies Financial Group lifted their price target 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. Two 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's stock. Based on data from MarketBeat.com, the stock presently has an average 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.