3,381 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, Holdings Channel reports. The fund acquired 3,381 shares of the financial services provider’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRSH. BlackRock Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $6,583,806,000. State Street Corp purchased a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $4,057,682,000. Capital International Investors acquired a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $3,482,557,000. Capital World Investors purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $3,140,284,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $2,967,927,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MRSH. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Citigroup lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, July 22nd. Cantor Fitzgerald increased their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings raised Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $203.50.

Insider Activity

In related news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the sale, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. This represents a 4.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 36,469 shares of company stock valued at $6,291,345. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MRSH opened at $189.70 on Friday. The business’s fifty day moving average is $182.13. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $207.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $90.53 billion, a P/E ratio of 23.19, a PEG ratio of 2.77 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.07. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. Marsh & McLennan Companies’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change 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 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.