Beverly Hills Private Wealth LLC Purchases New Position in Marsh & McLennan Companies, Inc. $MRSH

Beverly Hills Private Wealth LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,019 shares of the financial services provider’s stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MRSH. PFG Investments LLC grew its stake in Marsh & McLennan Companies by 3.3% in the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 56 shares during the period. EP Wealth Advisors LLC lifted its position in Marsh & McLennan Companies by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock valued at $1,823,000 after buying an additional 69 shares during the period. MMA Asset Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.7% during the 4th quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider’s stock valued at $757,000 after buying an additional 70 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of Marsh & McLennan Companies by 5.3% in the 1st quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 73 shares in the last quarter. Finally, Clearstead Trust LLC increased its stake in shares of Marsh & McLennan Companies by 12.6% in the 1st quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MRSH shares. Piper Sandler cut their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Cantor Fitzgerald upped their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. UBS Group raised their price objective on Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Morgan Stanley lowered their price objective on Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $201.94.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the transaction, the senior vice president owned 16,376 shares in the company, valued at approximately $3,242,448. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,469 shares of company stock worth $6,291,345 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $187.75 on Monday. The business has a 50-day moving average price of $177.66. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $213.80. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $89.60 billion, a PE ratio of 22.95, a PEG ratio of 2.69 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share 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 company had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 2.1%. The ex-dividend date 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%.

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.