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

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. raised its position in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth about $31,000. Crewe Advisors LLC grew its holdings in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 80 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $41,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.2 %

MMC stock traded up $0.43 during trading on Monday, reaching $212.17. 2,270,693 shares of the stock were exchanged, compared to its average volume of 1,718,510. The business has a 50 day moving average price of $222.90 and a 200-day moving average price of $221.08. Marsh & McLennan Companies, Inc. has a 1 year low of $186.63 and a 1 year high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $104.20 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 2.59 and a beta of 0.94.

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

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of several recent analyst reports. Bank of America boosted their price target 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 upped 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 report on Tuesday, October 22nd. Roth Mkm lifted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Evercore ISI reiterated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.