HighTower Advisors LLC Buys 8,041 Shares of Marsh & McLennan Companies, Inc. $MRSH

HighTower Advisors LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,890 shares of the financial services provider’s stock after purchasing an additional 8,041 shares during the period. HighTower Advisors LLC owned approximately 0.07% of Marsh & McLennan Companies worth $63,798,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MRSH. Brighton Jones LLC lifted its stake in shares of Marsh & McLennan Companies by 51.2% in 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. Bison Wealth LLC lifted its stake in shares of Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares during the last quarter. Glenview Trust co lifted its stake in shares of Marsh & McLennan Companies by 10.8% during the 2nd quarter. Glenview Trust co now owns 3,897 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 379 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 18,440.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 922 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $1,307,000. 87.99% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction 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 transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MRSH shares. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Wednesday, May 6th. Bank of America decreased their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Cantor Fitzgerald raised their price target on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $205.00.

Get Our Latest Stock Report on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Up 0.2%

MRSH opened at $163.66 on Thursday. The business’s fifty day moving average price is $168.84. The stock has a market cap of $78.85 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.42 and a beta of 0.65. Marsh & McLennan Companies, Inc. has a 52 week low of $158.16 and a 52 week high of $235.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSHGet Free Report) last released 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. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Marsh & McLennan Companies 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.

See Also

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

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