Tower View Wealth Management LLC Sells 4,064 Shares of Marsh & McLennan Companies, Inc. $MRSH

Tower View Wealth Management LLC lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,989 shares of the financial services provider’s stock after selling 4,064 shares during the period. Marsh & McLennan Companies comprises about 2.5% of Tower View Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Tower View Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $5,007,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Hanson & Doremus Investment Management grew its position in Marsh & McLennan Companies by 31.3% in the third quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 51 shares in the last quarter. D.A. Davidson & CO. grew its position in Marsh & McLennan Companies by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 54 shares in the last quarter. Procyon Advisors LLC grew its position in Marsh & McLennan Companies by 2.5% in the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 56 shares in the last quarter. Lindenwold Advisors INC grew its position in Marsh & McLennan Companies by 0.4% in the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock valued at $3,022,000 after purchasing an additional 62 shares in the last quarter. Finally, Ashton Thomas Securities LLC grew its position in Marsh & McLennan Companies by 1.8% in the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Evercore decreased their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $200.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. Finally, Cantor Fitzgerald lifted their price objective on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $205.60.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $173.47 on Tuesday. The company has a market cap of $83.98 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average is $173.02. Marsh & McLennan Companies, Inc. has a 52 week low of $164.89 and a 52 week high of $239.34.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. The business had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. Marsh & McLennan Companies’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 EPS. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. Marsh & McLennan Companies’s payout ratio is presently 42.70%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated 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 completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

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.