M&T Bank Corp Reduces Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

M&T Bank Corp decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,495 shares of the financial services provider’s stock after selling 2,550 shares during the period. M&T Bank Corp’s holdings in Marsh & McLennan Companies were worth $10,373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MMC. FMR LLC raised its position in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the period. Geode Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Marsh & McLennan Companies by 5.2% in the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after acquiring an additional 223,257 shares during the period. Parnassus Investments LLC grew its position in shares of Marsh & McLennan Companies by 2.0% in the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after purchasing an additional 85,754 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Marsh & McLennan Companies by 1.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after purchasing an additional 58,461 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction 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 of the company’s stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MMC. BMO Capital Markets upped their price target on 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. Bank of America upped their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $228.13.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of MMC opened at $211.74 on Monday. The firm has a market cap of $103.99 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.59 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.55 and a 1 year high of $235.50. The stock has a 50 day simple moving average of $222.90 and a two-hundred day simple moving average of $220.99. 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 (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 EPS. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

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.