Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,944 shares of the financial services provider’s stock after selling 270 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $1,224,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. General Partner Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter worth $61,000. Kapitalo Investimentos Ltda boosted its stake in Marsh & McLennan Companies by 96.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 1,324 shares of the financial services provider’s stock valued at $251,000 after buying an additional 650 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $1,888,000. HighPoint Advisor Group LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $2,382,000. Finally, Ariston Services Group purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth about $209,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $212.72 on Wednesday. Marsh & McLennan Companies, Inc. has a 1-year low of $179.35 and a 1-year high of $213.21. The firm has a market capitalization of $104.81 billion, a PE ratio of 26.99, a PEG ratio of 3.00 and a beta of 0.93. The business’s 50 day moving average is $204.69 and its 200-day moving average is $200.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $2.53 EPS. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MMC. Bank of America increased their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Evercore ISI raised their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. UBS Group raised their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $210.27.

Marsh & McLennan Companies Company 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.