Fulton Bank N.A. Sells 78 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fulton Bank N.A. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,792 shares of the financial services provider’s stock after selling 78 shares during the period. Fulton Bank N.A.’s holdings in Marsh & McLennan Companies were worth $805,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MMC. Carmichael Hill & Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies during the third quarter valued at $31,000. Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $41,000. Bangor Savings Bank acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $46,000. Finally, Y.D. More Investments Ltd acquired a new stake in Marsh & McLennan Companies during the second quarter worth approximately $55,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $211.30 on Friday. The stock has a 50 day moving average of $219.72 and a 200 day moving average of $221.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. The company has a market capitalization of $103.77 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the firm earned $1.57 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on MMC shares. Roth Mkm increased their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $228.47.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies 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.