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

First National Trust Co reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMC. AJOVista LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth $56,000. Provence Wealth Management Group boosted its stake in Marsh & McLennan Companies by 14.2% in the 4th quarter. Provence Wealth Management Group now owns 1,809 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 225 shares in the last quarter. Sapient Capital LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $266,000. Axxcess Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 59.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 21,113 shares of the financial services provider’s stock worth $4,000,000 after acquiring an additional 7,869 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Marsh & McLennan Companies by 27.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,833 shares of the financial services provider’s stock worth $3,379,000 after purchasing an additional 3,834 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated 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 $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction 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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares in the company, valued at $2,868,198. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 in the last 90 days. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research analyst reports. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research report on Wednesday, April 17th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. UBS Group upped their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Price Performance

NYSE:MMC traded down $0.09 on Friday, reaching $199.27. 1,039,890 shares of the company’s stock traded hands, compared to its average volume of 1,926,955. The firm 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. 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 50-day simple moving average of $202.84 and a 200-day simple moving average of $197.38. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping 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%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 EPS. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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. This represents a $2.84 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Marsh & McLennan Companies Profile

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.