Trueblood Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 24.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,311 shares of the financial services provider’s stock after purchasing an additional 257 shares during the period. Trueblood Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $320,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in MMC. Brighton Jones LLC grew its holdings in Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Marsh & McLennan Companies during the 4th quarter valued at about $10,366,000. Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies during the 4th quarter valued at about $41,000. Kestra Private Wealth Services LLC grew its holdings in Marsh & McLennan Companies by 9.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 10,999 shares of the financial services provider’s stock valued at $2,336,000 after purchasing an additional 937 shares during the last quarter. Finally, Savant Capital LLC boosted its position in Marsh & McLennan Companies by 3.5% in the 4th quarter. Savant Capital LLC now owns 9,051 shares of the financial services provider’s stock valued at $1,922,000 after buying an additional 310 shares during the period. 87.99% of the stock is currently owned by institutional investors.
Marsh & McLennan Companies Trading Down 0.4%
NYSE:MMC opened at $217.30 on Thursday. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The firm has a 50 day moving average of $226.56 and a 200 day moving average of $225.58. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $107.07 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.70 and a beta of 0.83.
Insider Activity at Marsh & McLennan Companies
In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. The trade was a 31.37% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MMC shares. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price objective for the company. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Finally, Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $241.93.
View Our Latest Research Report on Marsh & McLennan Companies
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.
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