Moody National Bank Trust Division Sells 658 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moody National Bank Trust Division cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,405 shares of the financial services provider’s stock after selling 658 shares during the quarter. Moody National Bank Trust Division’s holdings in Marsh & McLennan Companies were worth $2,635,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Fortitude Family Office LLC increased its stake in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after buying an additional 45 shares during the period. Kingfisher Capital LLC raised its stake in shares of Marsh & McLennan Companies by 4.7% during the second quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 47 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of Marsh & McLennan Companies by 2.3% during the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 49 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Marsh & McLennan Companies by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 52 shares during the last quarter. Finally, BSW Wealth Partners increased its holdings in Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 53 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded up $3.25 during trading hours on Monday, reaching $212.36. The company had a trading volume of 1,532,104 shares, compared to its average volume of 1,542,277. 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 one year low of $188.31 and a one year high of $235.50. The firm has a market cap of $104.29 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The business has a fifty day simple moving average of $219.53 and a 200 day simple moving average of $221.12.

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

Analysts Set New Price Targets

A number of research firms have commented on MMC. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday. Barclays lifted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Evercore ISI restated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $228.60.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.