ProShare Advisors LLC Purchases 5,480 Shares of Marsh & McLennan Companies, Inc. $MRSH

ProShare Advisors LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,464 shares of the financial services provider’s stock after acquiring an additional 5,480 shares during the period. ProShare Advisors LLC’s holdings in Marsh & McLennan Companies were worth $21,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC grew its stake in Marsh & McLennan Companies by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 343,890 shares of the financial services provider’s stock worth $63,798,000 after buying an additional 8,041 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Marsh & McLennan Companies by 83.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 37,037 shares of the financial services provider’s stock worth $6,867,000 after acquiring an additional 16,844 shares in the last quarter. Yanni & Associates Investment Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $590,000. Stronghold Wealth Management L.L.C. acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $244,000. Finally, Sapient Capital LLC boosted its stake in Marsh & McLennan Companies by 28.3% in the 4th quarter. Sapient Capital LLC now owns 1,323 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 292 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $163.66 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $158.16 and a 1 year high of $235.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $78.85 billion, a PE ratio of 20.46, a PEG ratio of 2.42 and a beta of 0.65. The business’s fifty day simple moving average is $168.84.

Marsh & McLennan Companies (NYSE:MRSHGet Free Report) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share 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 firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were given 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 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 business’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 transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MRSH. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research note on Tuesday, February 17th. Morgan Stanley reduced their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Wednesday, May 6th. Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Mizuho decreased their target price on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $205.00.

Get Our Latest Stock Report on MRSH

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.

Further Reading

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

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