TrueMark Investments LLC Purchases Shares of 1,852 Marsh & McLennan Companies, Inc. $MMC

TrueMark Investments LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,852 shares of the financial services provider’s stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth $25,000. Knuff & Co LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth $28,000. Activest Wealth Management lifted its position in shares of Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth $42,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MMC. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $209.00 to $191.00 in a research report on Friday. Barclays dropped their price target on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $248.00 to $242.00 in a research note on Thursday, October 9th. Evercore ISI dropped their price target on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research note on Friday. Finally, UBS Group dropped their price target on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $236.43.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 1.8%

MMC stock opened at $189.85 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a 1-year low of $185.12 and a 1-year high of $248.00. The firm has a fifty day moving average price of $202.94 and a two-hundred day moving average price of $213.79. The firm has a market cap of $93.01 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.39 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.9%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Marsh & McLennan Companies Company 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.