Yanni & Associates Investment Advisors LLC Acquires New Position in Marsh & McLennan Companies, Inc. $MRSH

Yanni & Associates Investment Advisors LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report) during the fourth quarter, Holdings Channel reports. The firm acquired 3,180 shares of the financial services provider’s stock, valued at approximately $590,000. Marsh & McLennan Companies comprises 0.6% of Yanni & Associates Investment Advisors LLC’s holdings, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. City Holding Co. bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $29,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $30,000. Financial Life Planners purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $32,000. Finally, Elyxium Wealth LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at about $34,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MRSH shares. Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price for the company in a report on Tuesday, February 17th. Bank of America reduced their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Cantor Fitzgerald lifted their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $205.00.

Get Our Latest Research Report on MRSH

Marsh & McLennan Companies Trading Up 0.0%

Shares of NYSE MRSH opened at $166.04 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $158.16 and a 12 month high of $235.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $80.00 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The stock’s 50-day simple moving average is $169.32.

Marsh & McLennan Companies (NYSE:MRSHGet Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio is currently 45.00%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company Profile

(Free Report)

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.

Further Reading

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MRSH)

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