Canandaigua National Bank & Trust Co. Has $1.07 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Canandaigua National Bank & Trust Co. cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,056 shares of the financial services provider’s stock after selling 141 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $1,074,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MMC. Fortitude Family Office LLC increased its holdings in Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 45 shares during the last quarter. Kingfisher Capital LLC increased its stake in shares of Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 47 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 49 shares during the last quarter. X Square Capital LLC grew its holdings in Marsh & McLennan Companies by 1.8% during the second quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 51 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Marsh & McLennan Companies by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their price objective 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 research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $228.47.

Marsh & McLennan Companies Stock Down 1.4 %

MMC stock opened at $208.30 on Tuesday. The business’s 50 day simple moving average is $220.29 and its 200 day simple moving average is $221.20. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50. The firm has a market capitalization of $102.30 billion, a PE ratio of 25.65, a PEG ratio of 2.59 and a beta of 0.96. 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 (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the company posted $1.57 EPS. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

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.