American Trust Sells 3,983 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

American Trust cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,186 shares of the financial services provider’s stock after selling 3,983 shares during the quarter. American Trust’s holdings in Marsh & McLennan Companies were worth $4,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MMC. Synovus Financial Corp grew its position in Marsh & McLennan Companies by 3.0% in the 3rd 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 in the last quarter. Tidal Investments LLC increased its position in shares of Marsh & McLennan Companies by 17.2% during the third quarter. Tidal Investments LLC now owns 13,013 shares of the financial services provider’s stock valued at $2,903,000 after acquiring an additional 1,911 shares during the last quarter. Destination Wealth Management boosted its position 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 purchasing an additional 188 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Marsh & McLennan Companies by 204.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,640 shares of the financial services provider’s stock valued at $1,927,000 after purchasing an additional 5,799 shares during the period. Finally, Arvest Bank Trust Division purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $206,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $215.92 on Friday. The company has a market capitalization of $106.04 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.58 and a beta of 0.94. The business has a 50 day moving average of $224.26 and a 200 day moving average of $220.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $235.50.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI restated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. BMO Capital Markets increased their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays increased their price objective 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, Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. 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. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $228.13.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the company’s 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 directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Profile

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.