Dimensional Fund Advisors LP Purchases 3,019 Shares of Marsh & McLennan Companies, Inc. $MRSH

Dimensional Fund Advisors LP lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 0.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,023,475 shares of the financial services provider’s stock after purchasing an additional 3,019 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Marsh & McLennan Companies were worth $407,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the second quarter worth $29,000. Westside Investment Management Inc. boosted its position in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter worth about $32,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MRSH shares. Weiss Ratings began coverage on Marsh & McLennan Companies in a research note on Thursday, January 29th. They issued a “hold (c)” rating on the stock. Citigroup upped their price target on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Morgan Stanley increased their price target on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Finally, Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $216.18.

Marsh & McLennan Companies Trading Down 0.1%

Shares of NYSE MRSH opened at $184.62 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $170.37 and a 1 year high of $248.00. The stock has a market cap of $89.38 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.59 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The business had revenue of $6.60 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same period in the previous year, the firm posted $1.87 EPS. The business’s revenue was up 8.7% on a year-over-year basis. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a $0.90 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio is 42.70%.

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.