Fifth Third Bancorp Has $50.33 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fifth Third Bancorp lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 13.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,262 shares of the financial services provider's stock after selling 33,270 shares during the quarter. Fifth Third Bancorp's holdings in Marsh & McLennan Companies were worth $50,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $36,000. Ameriflex Group Inc. bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $37,000. City Holding Co. bought a new stake in Marsh & McLennan Companies in the first quarter valued at about $37,000. Transce3nd LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $39,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $45,000. Institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

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

Marsh & McLennan Companies Trading Down 1.0%

NYSE MMC traded down $2.21 during trading hours on Friday, hitting $217.19. The company's stock had a trading volume of 1,574,516 shares, compared to its average volume of 1,938,559. The stock has a fifty day moving average of $226.42 and a 200 day moving average of $225.34. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The firm has a market capitalization of $107.02 billion, a P/E ratio of 26.52, a PEG ratio of 2.70 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the prior year, the business posted $2.89 earnings per share. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on MMC shares. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $241.93.

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.