Mattern Capital Management LLC Purchases Shares of 5,492 Marsh & McLennan Companies, Inc. $MRSH

Mattern Capital Management LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,492 shares of the financial services provider’s stock, valued at approximately $953,000.

Several other institutional investors have also recently made changes to their positions in MRSH. Numerai GP LLC boosted its holdings in shares of Marsh & McLennan Companies by 966.2% during the 3rd quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider’s stock valued at $7,501,000 after purchasing an additional 33,729 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Marsh & McLennan Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider’s stock worth $24,960,000 after purchasing an additional 11,648 shares during the last quarter. Sarasin & Partners LLP lifted its position in shares of Marsh & McLennan Companies by 0.9% in the fourth quarter. Sarasin & Partners LLP now owns 934,732 shares of the financial services provider’s stock worth $173,411,000 after buying an additional 8,283 shares in the last quarter. CSM Advisors LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at approximately $1,180,000. Finally, Essex LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at approximately $2,891,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, June 2nd. The shares were 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. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MRSH shares. Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Cantor Fitzgerald upped their price target on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $203.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Bank of America reduced their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $200.81.

Marsh & McLennan Companies Trading Up 1.9%

Shares of Marsh & McLennan Companies stock opened at $181.67 on Tuesday. The company has a market capitalization of $87.76 billion, a PE ratio of 22.71, a P/E/G ratio of 2.60 and a beta of 0.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $216.32.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating 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 business’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be issued a $0.99 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, July 23rd. This represents a $3.96 annualized dividend and a dividend yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 45.00%.

About Marsh & McLennan Companies

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.