Envestnet Portfolio Solutions Inc. Grows Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Envestnet Portfolio Solutions Inc. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 83.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,037 shares of the financial services provider’s stock after acquiring an additional 16,844 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Marsh & McLennan Companies were worth $6,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City Holding Co. purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $29,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $30,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $32,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MRSH. Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a research note on Tuesday, February 17th. Bank of America dropped their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $205.00.

Marsh & McLennan Companies Stock Up 0.2%

Shares of NYSE MRSH opened at $163.66 on Thursday. The company’s 50 day moving average price is $168.84. Marsh & McLennan Companies, Inc. has a 52-week low of $158.16 and a 52-week high of $235.78. The firm has a market capitalization of $78.85 billion, a PE ratio of 20.46, a P/E/G ratio of 2.42 and a beta of 0.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

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 (EPS) 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 company had revenue of $7.30 billion for the quarter. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 45.00%.

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.