Oppenheimer Asset Management Inc. Has $15.80 Million Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Oppenheimer Asset Management Inc. decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,159 shares of the financial services provider’s stock after selling 4,178 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Marsh & McLennan Companies were worth $15,799,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MRSH. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the period. Bison Wealth LLC raised its position in shares of Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 869 shares during the period. Glenview Trust co raised its position in shares of Marsh & McLennan Companies by 10.8% in the second quarter. Glenview Trust co now owns 3,897 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 379 shares during the period. Osterweis Capital Management Inc. raised its position in shares of Marsh & McLennan Companies by 18,440.0% in the second quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 922 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $1,307,000. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Up 0.1%

Shares of Marsh & McLennan Companies stock opened at $167.83 on Friday. The business has a fifty day moving average of $173.42. The firm has a market capitalization of $80.86 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.49 and a beta of 0.75. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 1 year low of $164.89 and a 1 year high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) 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 firm had revenue of $7.30 billion for the quarter. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s payout ratio is currently 45.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MRSH. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Bank of America dropped their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Monday. Barclays lowered their price objective 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, Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $205.33.

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.