First Citizens Bank & Trust Co. Has $3.60 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

First Citizens Bank & Trust Co. decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,133 shares of the financial services provider’s stock after selling 574 shares during the period. First Citizens Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $3,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MMC. Kingfisher Capital LLC boosted its holdings in Marsh & McLennan Companies by 4.7% during the second quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock worth $220,000 after buying an additional 47 shares during the last quarter. Drive Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 3.7% during the second quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 49 shares during the period. Legacy Financial Advisors Inc. raised its holdings in Marsh & McLennan Companies by 2.3% in the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 49 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Marsh & McLennan Companies by 0.6% in the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock valued at $1,887,000 after buying an additional 51 shares during the period. Finally, X Square Capital LLC increased its position in shares of Marsh & McLennan Companies by 1.8% in the 2nd quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock valued at $623,000 after buying an additional 51 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. This trade represents a 0.00 % 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. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock worth $4,420,137 over the last ninety days. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $224.66 on Friday. The company has a fifty day moving average price of $225.28 and a two-hundred day moving average price of $214.99. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The stock has a market cap of $110.70 billion, a P/E ratio of 28.51, a P/E/G ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced 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 return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MMC shares. Barclays started coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Finally, Bank of America lifted their price target 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $220.13.

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.