Strategic Blueprint LLC Boosts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Strategic Blueprint LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,917 shares of the financial services provider’s stock after purchasing an additional 240 shares during the quarter. Strategic Blueprint LLC’s holdings in Marsh & McLennan Companies were worth $874,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $27,000. Crewe Advisors LLC lifted its stake in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after buying an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after buying an additional 171 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $41,000. Finally, Bangor Savings Bank purchased a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MMC shares. Barclays initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Finally, BMO Capital Markets increased their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $225.33.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,566 shares of company stock valued at $4,420,137. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.2 %

Marsh & McLennan Companies stock opened at $221.15 on Thursday. The stock has a market cap of $108.61 billion, a PE ratio of 27.24, a P/E/G ratio of 3.33 and a beta of 0.94. The stock has a 50-day moving average price of $225.39 and a 200 day moving average price of $216.10. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

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.