Chatham Capital Group Inc. Sells 85 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Chatham Capital Group Inc. cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,243 shares of the financial services provider’s stock after selling 85 shares during the quarter. Chatham Capital Group Inc.’s holdings in Marsh & McLennan Companies were worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. JPMorgan Chase & Co. lifted its stake in Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after purchasing an additional 184,239 shares during the last quarter. Brighton Jones LLC lifted its position in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $10,366,000. Chicago Partners Investment Group LLC boosted its stake in shares of Marsh & McLennan Companies by 60.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,851 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 695 shares in the last quarter. Finally, Trust Point Inc. raised its position in Marsh & McLennan Companies by 3.3% in the 4th quarter. Trust Point Inc. now owns 3,005 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Raymond James reaffirmed an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Finally, Barclays upped their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Trading Down 1.1%

Shares of NYSE:MMC opened at $232.35 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $206.25 and a 1 year high of $248.00. The stock’s fifty day moving average price is $228.34 and its 200-day moving average price is $225.60. The company has a market cap of $114.49 billion, a P/E ratio of 28.37, a PEG ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last released 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 firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same period in the previous year, the company earned $2.89 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 39.95%.

Insiders Place Their Bets

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This trade represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock worth $16,244,986 in the last 90 days. 0.35% of the stock is currently owned by corporate insiders.

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.