Global Retirement Partners LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 104.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,212 shares of the financial services provider’s stock after purchasing an additional 5,225 shares during the period. Global Retirement Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,894,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in MRSH. Ninety One UK Ltd lifted its position in Marsh & McLennan Companies by 163.0% in the fourth quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider’s stock worth $657,113,000 after purchasing an additional 2,195,201 shares during the period. Assenagon Asset Management S.A. lifted its position in Marsh & McLennan Companies by 9,455.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,520,164 shares of the financial services provider’s stock worth $282,021,000 after purchasing an additional 1,504,255 shares during the period. Wellington Management Group LLP lifted its position in Marsh & McLennan Companies by 9.1% in the third quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after purchasing an additional 1,260,434 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Marsh & McLennan Companies by 654.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider’s stock worth $285,992,000 after purchasing an additional 1,231,059 shares during the period. Finally, Invesco Ltd. lifted its position in Marsh & McLennan Companies by 29.7% in the third quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider’s stock worth $663,676,000 after purchasing an additional 753,828 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have weighed in on MRSH. JPMorgan Chase & Co. cut their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Mizuho cut their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Finally, Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $205.00.
Insider Transactions at Marsh & McLennan Companies
In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.
Marsh & McLennan Companies Stock Down 0.6%
Shares of NYSE:MRSH opened at $164.14 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $158.16 and a 12-month high of $235.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $79.08 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.39 and a beta of 0.65. The firm’s fifty day moving average price is $168.09.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business had revenue of $7.30 billion for the quarter. The firm’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.
Marsh & McLennan Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio is 45.00%.
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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