Marsh & McLennan Companies, Inc. (MMC) Holdings Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.1% during the first quarter, HoldingsChannel reports. The firm owned 7,330,433 shares of the financial services provider’s stock after selling 393,873 shares during the period. JPMorgan Chase & Co.’s holdings in Marsh & McLennan Companies were worth $688,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sontag Advisory LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $26,000. Howe & Rusling Inc. raised its position in shares of Marsh & McLennan Companies by 66.7% in the 4th quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 136 shares in the last quarter. Capital Financial Planning LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $29,000. Parkside Financial Bank & Trust raised its position in shares of Marsh & McLennan Companies by 58.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $30,000. 86.60% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. ValuEngine raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Wells Fargo & Co reissued a “market perform” rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Goldman Sachs Group started coverage on Marsh & McLennan Companies in a research report on Monday, April 8th. They set a “neutral” rating and a $98.00 price target on the stock. Finally, Citigroup set a $99.00 price target on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $93.60.

MMC stock opened at $95.79 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.44. The company has a market cap of $48.59 billion, a P/E ratio of 22.02, a PEG ratio of 1.76 and a beta of 0.86. Marsh & McLennan Companies, Inc. has a 12-month low of $74.30 and a 12-month high of $96.34.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.19 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 4.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a dividend of $0.455 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, July 10th. Marsh & McLennan Companies’s dividend payout ratio is presently 38.16%.

In related news, EVP Peter J. Beshar sold 67,655 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $93.14, for a total transaction of $6,301,386.70. Following the completion of the transaction, the executive vice president now directly owns 487,576 shares in the company, valued at approximately $45,412,828.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Peter C. Hearn sold 2,562 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $92.68, for a total value of $237,446.16. Following the transaction, the chief executive officer now owns 2,001 shares of the company’s stock, valued at $185,452.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,691 shares of company stock valued at $11,406,907. 1.16% of the stock is owned by company insiders.

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Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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

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