7,412 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Stephens Inc. AR

Stephens Inc. AR bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 7,412 shares of the financial services provider’s stock, valued at approximately $1,286,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raleigh Capital Management Inc. bought a new position in Marsh & McLennan Companies during the 1st quarter worth approximately $62,000. NBT Bank N A NY bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $2,682,000. Praxis Investment Management Inc. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $2,330,000. Revisor Wealth Management LLC bought a new position in Marsh & McLennan Companies during the first quarter worth $264,000. Finally, Koshinski Asset Management Inc. acquired a new position in Marsh & McLennan Companies in the first quarter valued at $318,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Key Marsh & McLennan Companies News

Here are the key news stories impacting Marsh & McLennan Companies this week:

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

MRSH has been the subject of a number of recent analyst reports. Cantor Fitzgerald increased their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a report on Thursday. Mizuho boosted their price objective on Marsh & McLennan Companies from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. lowered their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Morgan Stanley dropped their price target on Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $200.44.

View Our Latest Stock Report on Marsh & McLennan Companies

Marsh & McLennan Companies Trading Down 0.3%

Shares of Marsh & McLennan Companies stock opened at $178.52 on Friday. The firm has a market cap of $86.24 billion, a P/E ratio of 22.32, a P/E/G ratio of 2.61 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $216.32.

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

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 2.2%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio is 45.00%.

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.

See Also

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

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