Chatham Capital Group Inc. Has $1.98 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Chatham Capital Group Inc. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,328 shares of the financial services provider’s stock after selling 185 shares during the period. Chatham Capital Group Inc.’s holdings in Marsh & McLennan Companies were worth $1,981,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth about $31,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $33,000. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.6 %

Shares of Marsh & McLennan Companies stock opened at $236.42 on Friday. The business has a fifty day simple moving average of $222.39 and a two-hundred day simple moving average of $223.27. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The company has a market capitalization of $116.11 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.70 and a beta of 0.96. 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 posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MMC shares. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $230.44.

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.