Chevy Chase Trust Holdings LLC Buys 2,798 Shares of Marsh & McLennan Companies, Inc. $MMC

Chevy Chase Trust Holdings LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 261,154 shares of the financial services provider’s stock after purchasing an additional 2,798 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Marsh & McLennan Companies were worth $57,099,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management boosted its holdings in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after buying an additional 64 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $42,000. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a report on Friday. Citigroup began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $248.00 to $242.00 in a research note on Thursday, October 9th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $236.43.

Marsh & McLennan Companies Price Performance

MMC opened at $189.85 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.12. The stock has a market capitalization of $93.34 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.35 and a beta of 0.81. The company’s 50-day simple moving average is $202.94 and its two-hundred day simple moving average is $214.21. Marsh & McLennan Companies, Inc. has a 52-week low of $185.12 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Marsh & McLennan Companies 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.