Trueblood Wealth Management LLC Takes $224,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Trueblood Wealth Management LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,054 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. Geode Capital Management LLC raised its holdings in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Legal & General Group Plc grew its holdings in Marsh & McLennan Companies by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after acquiring an additional 223,257 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after purchasing an additional 85,754 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after purchasing an additional 184,239 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of several research reports. Roth Mkm upped their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $228.60.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $215.23 on Monday. The firm’s 50-day simple moving average is $218.62 and its 200 day simple moving average is $221.15. The stock has a market cap of $105.71 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Marsh & McLennan Companies 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.