Marsh & McLennan Companies, Inc. $MRSH Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 21.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 15,035 shares of the financial services provider’s stock after acquiring an additional 2,652 shares during the quarter. Waverly Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Solstein Capital LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $25,000. SHP Wealth Management purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at $27,000. Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $27,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Lloyd M. Yates sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the completion of the sale, the director directly owned 12,001 shares in the company, valued at approximately $2,107,975.65. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Martin South sold 7,100 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 16,632 shares in the company, valued at approximately $3,159,913.68. This trade represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 35,756 shares of company stock worth $6,150,171. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MRSH. Cantor Fitzgerald lifted their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating on the stock in a report on Monday, July 6th. Mizuho lifted their price objective on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Barclays lowered their target price on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $201.94.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH opened at $191.50 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day moving average of $172.84. The stock has a market cap of $91.38 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.83 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $213.80.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The business had revenue of $7.28 billion for the quarter. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio is 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.