Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Strategic Blueprint LLC

Strategic Blueprint LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,677 shares of the financial services provider’s stock after buying an additional 266 shares during the period. Strategic Blueprint LLC’s holdings in Marsh & McLennan Companies were worth $775,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Parnassus Investments LLC lifted its holdings in shares of Marsh & McLennan Companies by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after acquiring an additional 11,459 shares during the period. Raymond James & Associates raised its position in shares of Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after buying an additional 23,133 shares during the period. Veritas Investment Partners UK Ltd. boosted its holdings in Marsh & McLennan Companies by 16.9% in the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock valued at $266,134,000 after acquiring an additional 203,017 shares during the last quarter. Nordea Investment Management AB increased its stake in Marsh & McLennan Companies by 12.4% during the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock worth $187,218,000 after acquiring an additional 100,378 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $3,465,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,735 shares of company stock valued at $6,151,377. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.5 %

MMC stock opened at $227.06 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $228.47. The firm’s 50-day simple moving average is $218.20 and its 200 day simple moving average is $209.14. The stock has a market cap of $111.88 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $2.20 EPS. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were paid a dividend of $0.815 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date was Thursday, July 25th. This represents a $3.26 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Bank of America lifted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Roth Mkm raised their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $214.25.

About Marsh & McLennan Companies

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.