Trust Point Inc. Raises Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Trust Point Inc. increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,005 shares of the financial services provider’s stock after purchasing an additional 95 shares during the period. Trust Point Inc.’s holdings in Marsh & McLennan Companies were worth $638,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MMC. AMF Tjanstepension AB grew its position in Marsh & McLennan Companies by 16.8% in the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after acquiring an additional 19,024 shares in the last quarter. Czech National Bank boosted its holdings in shares of Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after purchasing an additional 6,282 shares during the period. GAMMA Investing LLC raised its holdings in Marsh & McLennan Companies by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,865 shares of the financial services provider’s stock valued at $862,000 after buying an additional 1,070 shares during the period. WealthBridge Capital Management LLC bought a new stake in Marsh & McLennan Companies in the third quarter worth $248,000. Finally, Mather Group LLC. boosted its stake in Marsh & McLennan Companies by 6.9% during the third quarter. Mather Group LLC. now owns 2,114 shares of the financial services provider’s stock worth $472,000 after buying an additional 136 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $222.99 on Wednesday. The stock has a market capitalization of $109.51 billion, a PE ratio of 27.23, a PEG ratio of 2.27 and a beta of 0.96. The company has a 50 day moving average price of $217.42 and a 200-day moving average price of $221.42. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $191.87 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) 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%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

Several research firms have recently issued reports on MMC. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday. UBS Group boosted their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $229.13.

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.