First National Trust Co Sells 73 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

First National Trust Co cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 8,120 shares of the financial services provider’s stock after selling 73 shares during the quarter. First National Trust Co’s holdings in Marsh & McLennan Companies were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Modera Wealth Management LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after buying an additional 46 shares during the period. Geneos Wealth Management Inc. grew its stake in Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 47 shares during the period. Hemington Wealth Management increased its holdings in shares of Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 48 shares in the last quarter. New England Professional Planning Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 50 shares in the last quarter. Finally, TFB Advisors LLC increased its stake in Marsh & McLennan Companies by 2.0% during the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at $6,520,202.64. This represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,828 shares of company stock valued at $13,350,279. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MMC shares. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. 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. Barclays raised their target price 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. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $231.71 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day simple moving average of $224.84 and a two-hundred day simple moving average of $223.62. The company has a market capitalization of $113.80 billion, a P/E ratio of 28.29, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.