Moody National Bank Trust Division cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.8% during the first quarter, Holdings Channel reports. The firm owned 18,627 shares of the financial services provider’s stock after selling 3,235 shares during the period. Moody National Bank Trust Division’s holdings in Marsh & McLennan Companies were worth $1,377,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of Marsh & McLennan Companies by 0.3% in the third quarter. Nationwide Fund Advisors now owns 146,646 shares of the financial services provider’s stock valued at $9,862,000 after buying an additional 458 shares during the period. Parkwood LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $279,000. Highstreet Asset Management Inc. acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $450,000. Quadrant Capital Group LLC raised its stake in shares of Marsh & McLennan Companies by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 2,545 shares of the financial services provider’s stock valued at $166,000 after buying an additional 14 shares during the period. Finally, Conning Inc. raised its stake in shares of Marsh & McLennan Companies by 1.0% in the third quarter. Conning Inc. now owns 12,959 shares of the financial services provider’s stock valued at $871,000 after buying an additional 130 shares during the period. 84.44% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.88% during midday trading on Thursday, reaching $73.29. 2,274,296 shares of the company’s stock were exchanged. The company’s 50 day moving average is $73.83 and its 200-day moving average is $69.56. The stock has a market cap of $37.74 billion, a PE ratio of 21.68 and a beta of 0.89. Marsh & McLennan Companies, Inc. has a 12 month low of $60.04 and a 12 month high of $75.52.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.05. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.46 billion. Marsh & McLennan Companies had a return on equity of 26.99% and a net margin of 13.38%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post $3.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 7th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, April 5th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.24%.

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MMC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, December 28th. Bank of America Corp raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, January 27th. Royal Bank of Canada reissued a “buy” rating and issued a $76.00 price target on shares of Marsh & McLennan Companies in a report on Thursday, February 2nd. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $73.00 target price on shares of Marsh & McLennan Companies in a report on Sunday, February 5th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $73.29.

In related news, insider Daniel S. Glaser sold 488,487 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $73.17, for a total value of $35,742,593.79. Following the transaction, the insider now directly owns 483,211 shares of the company’s stock, valued at $35,356,548.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert J. Rapport sold 7,011 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $73.88, for a total value of $517,972.68. Following the completion of the transaction, the senior vice president now directly owns 27,794 shares in the company, valued at $2,053,420.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 821,726 shares of company stock worth $59,930,138. 1.51% of the stock is owned by insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

5 Day Chart for NYSE:MMC

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