Proficio Capital Partners LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,171 shares of the financial services provider’s stock, valued at approximately $695,000.
A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Marsh & McLennan Companies in the second quarter valued at approximately $6,583,806,000. State Street Corp acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $4,057,682,000. Capital International Investors acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $3,482,557,000. Capital World Investors bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $3,140,284,000. Finally, Wellington Management Group LLP acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $2,967,927,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Martin South sold 7,100 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of the sale, the insider directly owned 16,632 shares in the company, valued at approximately $3,159,913.68. This trade represents a 29.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total value of $2,107,800.00. Following the transaction, the director owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,469 shares of company stock valued at $6,291,345 in the last 90 days. 0.38% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on MRSH
Marsh & McLennan Companies Stock Performance
NYSE:MRSH opened at $193.58 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $207.82. The firm has a market capitalization of $92.38 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.77 and a beta of 0.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average of $181.58.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.89 by $0.07. The company had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.Marsh & McLennan Companies’s revenue was up 6.2% on a year-over-year basis. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.
Marsh & McLennan Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, July 23rd. This represents a $3.96 annualized dividend and a dividend yield of 2.0%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.
Marsh & McLennan Companies Company Profile
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.
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