M&T Bank Corp cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,495 shares of the financial services provider's stock after selling 2,550 shares during the quarter. M&T Bank Corp's holdings in Marsh & McLennan Companies were worth $10,373,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Carmichael Hill & Associates Inc. lifted its stake in Marsh & McLennan Companies by 85.7% during 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 last quarter. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies during the third quarter worth about $31,000. Crewe Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 80 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 87.99% of the company's stock.

In other news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company's stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company's stock.

Several research analysts have recently issued reports on MMC shares. Jefferies Financial Group upped their price target 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. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a report on Tuesday, October 22nd. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 10th. Finally, Evercore ISI reissued an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research 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 assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus price target of $228.13.