Chevy Chase Trust Holdings LLC Has $50.71 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Chevy Chase Trust Holdings LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251,599 shares of the financial services provider’s stock after selling 9,555 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Marsh & McLennan Companies worth $50,705,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. grew its stake in shares of Marsh & McLennan Companies by 24.7% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 4,607 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 913 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Marsh & McLennan Companies by 18.0% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 25,604 shares of the financial services provider’s stock valued at $5,159,000 after buying an additional 3,906 shares in the last quarter. Bridgefront Capital LLC bought a new stake in Marsh & McLennan Companies in the third quarter valued at $1,161,000. Chilton Investment Co. Inc. raised its stake in Marsh & McLennan Companies by 52.3% during the third quarter. Chilton Investment Co. Inc. now owns 4,934 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of Marsh & McLennan Companies by 188.5% during the third quarter. Bank of Nova Scotia now owns 486,511 shares of the financial services provider’s stock valued at $98,047,000 after acquiring an additional 317,877 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.8%

Shares of NYSE MRSH opened at $172.18 on Monday. Marsh & McLennan Companies, Inc. has a 12-month low of $170.37 and a 12-month high of $248.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $83.36 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.34 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The firm had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter last year, the company posted $1.87 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 42.70%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

MRSH has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Cantor Fitzgerald boosted their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Finally, Evercore reduced their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $216.12.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.