United Capital Financial Advisors LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,506 shares of the financial services provider’s stock, valued at approximately $2,251,000.
Several other institutional investors and hedge funds have also made changes to their positions in MRSH. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the second quarter worth $29,000. Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $25,000. SHP Wealth Management acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $27,000. Finally, Asset Dedication LLC acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $25,000. 87.99% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Marsh & McLennan Companies
In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Paul Beswick sold 713 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the sale, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,469 shares of company stock valued at $6,291,345 over the last quarter. Corporate insiders own 0.38% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Price Performance
MRSH opened at $192.90 on Friday. The firm has a 50 day simple moving average of $182.75. 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 market cap of $92.05 billion, a PE ratio of 23.58, a P/E/G ratio of 2.64 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $207.82.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping 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 for the quarter was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.44 EPS for the current year.
Marsh & McLennan Companies Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio is 48.41%.
Marsh & McLennan Companies 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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