Chevy Chase Trust Holdings LLC Trims Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Chevy Chase Trust Holdings LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 258,430 shares of the financial services provider's stock after selling 5,971 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Marsh & McLennan Companies worth $54,893,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of Marsh & McLennan Companies by 7,320.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock valued at $235,511,000 after buying an additional 1,093,817 shares during the last quarter. FMR LLC lifted its position in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Marsh & McLennan Companies by 127.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock valued at $200,718,000 after purchasing an additional 504,897 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after purchasing an additional 426,425 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider's stock worth $118,068,000 after purchasing an additional 363,569 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded up $1.21 on Tuesday, hitting $230.04. 1,394,261 shares of the stock were exchanged, compared to its average volume of 2,166,305. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $235.50. The firm's 50 day moving average is $217.00 and its two-hundred day moving average is $221.99. The firm has a market capitalization of $112.97 billion, a PE ratio of 28.09, a P/E/G ratio of 2.35 and a beta of 0.96. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

MMC has been the subject of several recent research reports. UBS Group upped their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Barclays upped 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. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $230.44.

About Marsh & McLennan Companies

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.