Blueprint Investment Partners LLC Takes $238,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Blueprint Investment Partners LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,120 shares of the financial services provider's stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MMC. FMR LLC boosted its position 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 worth $4,784,190,000 after buying an additional 518,185 shares during the period. Geode Capital Management LLC increased its stake in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock worth $2,648,304,000 after buying an additional 251,361 shares during the period. Amundi boosted its position in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after buying an additional 1,823,807 shares during the period. JPMorgan Chase & Co. grew 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 worth $892,309,000 after acquiring an additional 184,239 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Marsh & McLennan Companies by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,286,899 shares of the financial services provider's stock valued at $698,170,000 after acquiring an additional 71,990 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

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Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,828 shares of company stock valued at $13,350,279. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

NYSE:MMC traded up $2.52 during trading hours on Thursday, reaching $241.32. 696,690 shares of the company's stock were exchanged, compared to its average volume of 2,031,612. The business's 50-day simple moving average is $228.56 and its two-hundred day simple moving average is $223.95. The company has a market capitalization of $118.52 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $242.40.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MMC shares. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research report on Tuesday. They set a "buy" rating and a $281.00 target price on the stock. Finally, Raymond James reaffirmed an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $233.41.

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.