Canandaigua National Bank & Trust Co. Sells 289 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Canandaigua National Bank & Trust Co. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,197 shares of the financial services provider’s stock after selling 289 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMC. Stephens Inc. AR raised its holdings in Marsh & McLennan Companies by 7.1% in the fourth quarter. Stephens Inc. AR now owns 4,388 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 290 shares in the last quarter. Morningstar Investment Services LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth $338,000. Prudential PLC raised its holdings in Marsh & McLennan Companies by 67.5% in the fourth quarter. Prudential PLC now owns 56,561 shares of the financial services provider’s stock worth $10,717,000 after purchasing an additional 22,797 shares in the last quarter. Veritas Investment Partners UK Ltd. raised its holdings in Marsh & McLennan Companies by 16.9% in the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock worth $266,134,000 after purchasing an additional 203,017 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its stake in shares of Marsh & McLennan Companies by 15.8% in the fourth quarter. Personal CFO Solutions LLC now owns 4,870 shares of the financial services provider’s stock worth $923,000 after acquiring an additional 665 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of a number of recent research reports. Roth Mkm increased their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Barclays initiated 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 on the stock. Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Bank of America increased their target price on Marsh & McLennan Companies from $235.00 to $248.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $215.81.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies 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 sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the sale, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,735 shares of company stock valued at $4,897,317 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

MMC stock traded up $1.11 during trading on Friday, reaching $222.16. The stock had a trading volume of 1,081,777 shares, compared to its average volume of 1,666,801. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The stock’s 50 day moving average is $224.32 and its two-hundred day moving average is $213.51. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $109.46 billion, a PE ratio of 28.19, a PEG ratio of 3.13 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the company earned $2.20 earnings per share. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

About Marsh & McLennan Companies

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.