Mach 1 Financial Group LLC Invests $929,000 in Marsh & McLennan Companies, Inc. $MRSH

Mach 1 Financial Group LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,005 shares of the financial services provider’s stock, valued at approximately $929,000.

Several other hedge funds also recently added to or reduced their stakes in MRSH. Brighton Jones LLC grew its holdings in Marsh & McLennan Companies by 51.2% during the 4th 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 last quarter. Bison Wealth LLC grew its holdings in Marsh & McLennan Companies by 39.6% during the 4th 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 last quarter. Glenview Trust co grew its holdings in Marsh & McLennan Companies by 10.8% during the 2nd 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 last quarter. Osterweis Capital Management Inc. grew its holdings in Marsh & McLennan Companies by 18,440.0% during the 2nd 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 last quarter. Finally, Diversify Advisory Services LLC bought a new position in Marsh & McLennan Companies during the 2nd quarter valued at about $1,307,000. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $163.66 on Thursday. The stock has a 50 day simple moving average of $168.84. Marsh & McLennan Companies, Inc. has a fifty-two week low of $158.16 and a fifty-two week high of $235.78. The stock has a market cap of $78.85 billion, a PE ratio of 20.46, a PEG 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 announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. The firm’s revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is presently 45.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MRSH. Cantor Fitzgerald boosted 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. JPMorgan Chase & Co. lowered their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America lowered their price objective on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a research report on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. 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 stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $205.00.

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.