Moody National Bank Trust Division Has $2.78 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moody National Bank Trust Division lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 32.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,644 shares of the financial services provider’s stock after selling 7,165 shares during the quarter. Moody National Bank Trust Division’s holdings in Marsh & McLennan Companies were worth $2,775,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in Marsh & McLennan Companies during the third quarter worth $28,000. Headinvest LLC bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at $28,000. BKM Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $31,000. Finally, RVW Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth about $32,000. 86.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MMC. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their target price for the company from $215.00 to $185.00 in a research report on Monday, January 8th. StockNews.com downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. TD Cowen assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 price objective for the company. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $202.71.

Get Our Latest Stock Analysis on Marsh & McLennan Companies

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now directly owns 14,199 shares in the company, valued at approximately $2,868,198. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock worth $7,448,163 in the last quarter. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

MMC stock traded down $0.23 during mid-day trading on Wednesday, reaching $206.45. 2,200,166 shares of the company traded hands, compared to its average volume of 1,684,870. Marsh & McLennan Companies, Inc. has a 52-week low of $156.78 and a 52-week high of $209.20. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $101.50 billion, a P/E ratio of 27.42, a P/E/G ratio of 2.53 and a beta of 0.90. The company has a fifty day moving average price of $199.46 and a 200-day moving average price of $195.62.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter last year, the company earned $1.47 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio is presently 37.72%.

Marsh & McLennan Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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