Marsh & McLennan Companies, Inc. $MRSH Shares Sold by PFG Advisors

PFG Advisors reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 47.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,953 shares of the financial services provider’s stock after selling 7,282 shares during the period. PFG Advisors’ holdings in Marsh & McLennan Companies were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $25,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. City Holding Co. acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $30,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at about $32,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MRSH. Weiss Ratings began coverage on Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a “hold (c)” rating on the stock. Barclays cut their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Bank of America cut their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. 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 report on Friday, April 17th. Finally, Cantor Fitzgerald increased their price objective on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $205.33.

Marsh & McLennan Companies Stock Down 0.1%

Shares of MRSH opened at $175.37 on Thursday. Marsh & McLennan Companies, Inc. has a 52 week low of $164.89 and a 52 week high of $235.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $84.49 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 2.66 and a beta of 0.75. The business has a 50-day moving average of $174.13.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion for the quarter. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.35 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value 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. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by insiders.

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.