Trust Co. of Toledo NA OH Sells 101 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Trust Co. of Toledo NA OH decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,386 shares of the financial services provider’s stock after selling 101 shares during the period. Trust Co. of Toledo NA OH’s holdings in Marsh & McLennan Companies were worth $1,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MMC. Brighton Jones LLC increased its stake in shares of Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Marsh & McLennan Companies in the fourth quarter valued at about $10,366,000. Allspring Global Investments Holdings LLC raised its stake in Marsh & McLennan Companies by 24.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,191 shares of the financial services provider’s stock worth $38,927,000 after acquiring an additional 36,483 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Marsh & McLennan Companies by 6.4% in the fourth quarter. Vontobel Holding Ltd. now owns 28,381 shares of the financial services provider’s stock worth $6,028,000 after acquiring an additional 1,697 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Marsh & McLennan Companies by 6.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 25,321 shares of the financial services provider’s stock valued at $5,378,000 after purchasing an additional 1,424 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $217.19 on Friday. The stock’s 50 day moving average is $226.42 and its 200 day moving average is $225.34. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The firm has a market cap of $107.02 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.70 and a beta of 0.83. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the previous year, the company earned $2.89 EPS. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target for the company. Barclays boosted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. UBS Group increased their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $241.93.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $5,129,075. The trade was a 31.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.