Marsh & McLennan Companies, Inc. (NYSE:MMC) Stake Cut by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,466 shares of the financial services provider’s stock after selling 925 shares during the period. Chesley Taft & Associates LLC’s holdings in Marsh & McLennan Companies were worth $1,373,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Segment Wealth Management LLC raised its stake in Marsh & McLennan Companies by 0.6% during the fourth quarter. Segment Wealth Management LLC now owns 79,706 shares of the financial services provider’s stock worth $16,930,000 after acquiring an additional 437 shares during the period. Reliant Investment Management LLC raised its position in shares of Marsh & McLennan Companies by 5.6% during the 4th quarter. Reliant Investment Management LLC now owns 24,939 shares of the financial services provider’s stock worth $5,297,000 after purchasing an additional 1,320 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Marsh & McLennan Companies by 6.2% in the 4th quarter. Ballentine Partners LLC now owns 9,781 shares of the financial services provider’s stock worth $2,078,000 after purchasing an additional 574 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Marsh & McLennan Companies by 39.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,802 shares of the financial services provider’s stock worth $808,000 after buying an additional 1,070 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its position in Marsh & McLennan Companies by 1.9% in the fourth quarter. Stokes Capital Advisors LLC now owns 37,966 shares of the financial services provider’s stock worth $8,064,000 after buying an additional 699 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MMC shares. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. BMO Capital Markets upped their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Barclays boosted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $218.21 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average of $218.45 and a 200-day moving average of $221.23. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The firm has a market cap of $107.17 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Marsh & McLennan Companies Company 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.