Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,311 shares of the financial services provider’s stock after acquiring an additional 257 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock worth $9,503,120,000 after acquiring an additional 356,618 shares during the period. Geode Capital Management LLC increased its stake in shares of Marsh & McLennan Companies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock worth $2,554,841,000 after acquiring an additional 145,134 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider’s stock worth $2,156,179,000 after acquiring an additional 96,750 shares during the period. Northern Trust Corp increased its stake in shares of Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider’s stock worth $1,260,513,000 after acquiring an additional 726,713 shares during the period. Finally, Norges Bank acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at $1,236,186,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Barclays raised their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Finally, Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $241.93.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $5,129,075. This trade represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $217.30 on Thursday. The company’s 50-day moving average price is $226.56 and its 200-day moving average price is $225.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $107.07 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.70 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period last year, the firm posted $2.89 earnings per share. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

About Marsh & McLennan Companies

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.