Chevy Chase Trust Holdings LLC Sells 5,337 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Chevy Chase Trust Holdings LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 264,401 shares of the financial services provider's stock after selling 5,337 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Marsh & McLennan Companies worth $58,985,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Carmichael Hill & Associates Inc. increased its holdings in shares of 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 valued at $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $31,000. Crewe Advisors LLC raised its holdings 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 worth $34,000 after acquiring an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock worth $41,000 after purchasing an additional 171 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies during the second quarter worth $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $2.22 during midday trading on Tuesday, reaching $230.82. 1,154,787 shares of the company traded hands, compared to its average volume of 1,692,122. The firm has a market capitalization of $113.36 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day moving average of $224.26 and a two-hundred day moving average of $219.89. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.41%. Marsh & McLennan Companies's payout ratio is 40.15%.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MMC. Bank of America raised their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Royal Bank of Canada upped their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Barclays lifted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets raised their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $227.60.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.