Trueblood Wealth Management LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

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

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

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $215.23 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50. The firm has a 50 day simple moving average of $218.62 and a 200-day simple moving average of $221.15. The firm has a market cap of $105.71 billion, a PE ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MMC shares. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Roth Mkm upped their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Bank of America raised their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, UBS Group boosted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $228.60.

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.