Chelsea Counsel Co. Reduces Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Chelsea Counsel Co. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 45.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500 shares of the financial services provider’s stock after selling 425 shares during the quarter. Chelsea Counsel Co.’s holdings in Marsh & McLennan Companies were worth $95,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in Marsh & McLennan Companies by 0.3% during the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock valued at $3,696,223,000 after purchasing an additional 61,408 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Marsh & McLennan Companies by 32.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after buying an additional 2,526,701 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after acquiring an additional 31,821 shares during the last quarter. Morgan Stanley boosted its holdings in Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock valued at $1,169,403,000 after acquiring an additional 150,655 shares during the period. Finally, Northern Trust Corp increased its stake in Marsh & McLennan Companies by 4.8% in the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after purchasing an additional 271,408 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the sale, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.3 %

Shares of MMC opened at $208.88 on Friday. The company has a market capitalization of $102.92 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.96 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a 52 week low of $178.18 and a 52 week high of $211.53. The stock’s 50-day moving average price is $204.38 and its 200-day moving average price is $200.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the business earned $2.53 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday, April 17th. Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Evercore ISI lifted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Bank of America increased their price target 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $210.27.

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 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.