First National Trust Co Lowers Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

First National Trust Co decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,119 shares of the financial services provider’s stock after selling 1,249 shares during the quarter. First National Trust Co’s holdings in Marsh & McLennan Companies were worth $1,728,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in Marsh & McLennan Companies by 12.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 83,403 shares of the financial services provider’s stock worth $15,872,000 after acquiring an additional 9,209 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Marsh & McLennan Companies by 16.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,534 shares of the financial services provider’s stock valued at $2,005,000 after buying an additional 1,522 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Marsh & McLennan Companies by 9.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 61,152 shares of the financial services provider’s stock worth $11,637,000 after buying an additional 5,164 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Marsh & McLennan Companies by 27.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,943 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 850 shares during the last quarter. Finally, Sage Mountain Advisors LLC raised its position in shares of Marsh & McLennan Companies by 2.9% in the third quarter. Sage Mountain Advisors LLC now owns 2,573 shares of the financial services provider’s stock valued at $490,000 after buying an additional 72 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.0 %

Marsh & McLennan Companies stock traded down $0.09 during trading on Friday, reaching $199.27. The stock had a trading volume of 1,039,890 shares, compared to its average volume of 1,926,955. Marsh & McLennan Companies, Inc. has a 52-week low of $171.47 and a 52-week high of $209.20. The business has a 50 day moving average price of $202.84 and a 200 day moving average price of $197.38. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $98.18 billion, a PE ratio of 25.29, a P/E/G ratio of 3.32 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Analyst Ratings Changes

MMC has been the topic of a number of analyst reports. UBS Group lifted their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their target price for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Finally, Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $207.69.

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Stacy Mills sold 1,461 shares of the 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 completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,751 shares of company stock valued at $7,448,163. 0.30% of the stock is owned by corporate insiders.

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.