First Citizens Bank & Trust Co. Has $3.34 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

First Citizens Bank & Trust Co. reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,730 shares of the financial services provider’s stock after selling 403 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $3,341,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Carmichael Hill & Associates Inc. raised its holdings in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies in the third quarter worth $31,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $38,000. Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies in the third quarter worth $41,000. Finally, Bangor Savings Bank acquired a new stake in Marsh & McLennan Companies in the third quarter worth $46,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $218.94 on Monday. The firm has a 50-day moving average of $218.00 and a 200-day moving average of $221.30. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The company has a market cap of $107.53 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Company Profile

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.