NewEdge Wealth LLC Makes New $593,000 Investment in Marsh & McLennan Companies, Inc. $MRSH

NewEdge Wealth LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,559 shares of the financial services provider’s stock, valued at approximately $593,000.

Several other institutional investors and hedge funds have also made changes to their positions in MRSH. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at $29,000. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $25,000. SHP Wealth Management acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $27,000. Finally, Asset Dedication LLC acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $25,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRSH has been the topic of several research reports. UBS Group increased their price target on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Mizuho upped their price objective on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald raised their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Piper Sandler decreased their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Finally, Morgan Stanley increased their price target on Marsh & McLennan Companies from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $203.50.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Lloyd M. Yates sold 12,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the completion of the transaction, the director directly owned 12,001 shares in the company, valued at approximately $2,107,975.65. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 713 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the transaction, the senior vice president directly owned 16,376 shares in the company, valued at approximately $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 36,469 shares of company stock valued at $6,291,345. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.0%

MRSH stock opened at $192.17 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $212.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $91.71 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.75 and a beta of 0.59. The stock’s 50-day moving average price is $179.88.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.07. The firm had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

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.