Chesley Taft & Associates LLC Sells 1,740 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Chesley Taft & Associates LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,160 shares of the financial services provider’s stock after selling 1,740 shares during the period. Chesley Taft & Associates LLC’s holdings in Marsh & McLennan Companies were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MMC. DnB Asset Management AS lifted its holdings in Marsh & McLennan Companies by 44.2% in the fourth quarter. DnB Asset Management AS now owns 81,469 shares of the financial services provider’s stock valued at $6,631,000 after acquiring an additional 24,976 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $1,514,000. Atlantic Trust Group LLC increased its position in shares of Marsh & McLennan Companies by 165.2% in the third quarter. Atlantic Trust Group LLC now owns 82,907 shares of the financial services provider’s stock valued at $6,948,000 after buying an additional 51,647 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Marsh & McLennan Companies by 14.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,792,724 shares of the financial services provider’s stock valued at $150,248,000 after buying an additional 231,965 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $325,000. Institutional investors and hedge funds own 85.96% of the company’s stock.

In other news, insider Daniel S. Glaser sold 618,557 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total value of $51,216,519.60. Following the transaction, the insider now owns 279,367 shares in the company, valued at approximately $23,131,587.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.46% of the company’s stock.

MMC has been the subject of a number of recent analyst reports. Zacks Investment Research cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. UBS Group cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Barclays boosted their price target on Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Wells Fargo & Co set a $91.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Jefferies Group restated a “hold” rating on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $87.09.

Marsh & McLennan Companies, Inc. (MMC) traded down $0.36 on Friday, reaching $84.69. The company had a trading volume of 3,367,236 shares, compared to its average volume of 2,367,020. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.77. The firm has a market cap of $43,340.00, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00. Marsh & McLennan Companies, Inc. has a 1 year low of $69.33 and a 1 year high of $86.54.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. Marsh & McLennan Companies’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. research analysts anticipate that Marsh & McLennan Companies, Inc. will post 3.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 52.45%.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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