Chilton Capital Management LLC Reduces Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Chilton Capital Management LLC reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 800 shares of the financial services provider’s stock after selling 61 shares during the quarter. Chilton Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $169,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the first quarter valued at $25,000. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $27,000. Sachetta LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $29,000. Finally, Clear Investment Research LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $33,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. The disclosure for this sale can be found here. Insiders have sold 27,735 shares of company stock valued at $6,151,377 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Bank of America upped their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Roth Mkm lifted their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $214.25.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of NYSE MMC opened at $227.51 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $218.94 and a 200 day moving average price of $209.84. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $228.47. The stock has a market capitalization of $112.10 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 3.17 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.20 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

About Marsh & McLennan Companies

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.