Trust Point Inc. Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

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

A number of other institutional investors have also recently made changes to their positions in MMC. FMR LLC lifted its position in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Parnassus Investments LLC increased its holdings in Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after buying an additional 85,754 shares in the last quarter. JPMorgan Chase & Co. raised its position in Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Marsh & McLennan Companies by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock valued at $603,205,000 after acquiring an additional 30,367 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of several research reports. Roth Mkm boosted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. UBS Group raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI reissued an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, BMO Capital Markets upped their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $229.13.

Marsh & McLennan Companies Trading Up 1.7 %

Shares of MMC stock opened at $222.99 on Wednesday. The stock has a fifty day simple moving average of $217.42 and a two-hundred day simple moving average of $221.42. Marsh & McLennan Companies, Inc. has a 52-week low of $191.87 and a 52-week high of $235.50. The firm 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 debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

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.