Nisa Investment Advisors LLC Acquires 4,804 Shares of Marsh & McLennan Companies, Inc. $MRSH

Nisa Investment Advisors LLC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,563 shares of the financial services provider’s stock after purchasing an additional 4,804 shares during the period. Nisa Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $29,231,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hanson & Doremus Investment Management grew its stake in Marsh & McLennan Companies by 31.3% in the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after buying an additional 51 shares in the last quarter. D.A. Davidson & CO. increased its stake in Marsh & McLennan Companies by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after acquiring an additional 54 shares during the last quarter. Procyon Advisors LLC raised its position in Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 56 shares in the last quarter. Lindenwold Advisors INC lifted its stake in Marsh & McLennan Companies by 0.4% during the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock worth $3,022,000 after purchasing an additional 62 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.8% in the 3rd quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 63 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

MRSH has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $200.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. Barclays reduced their price target on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods increased their target price on shares of Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Wells Fargo & Company lifted 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 research report on Friday, January 30th. Finally, Evercore reduced their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $212.06.

Marsh & McLennan Companies Stock Down 0.1%

Shares of Marsh & McLennan Companies stock opened at $173.22 on Wednesday. The company has a market cap of $83.86 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.38 and a beta of 0.74. The stock has a fifty day moving average price of $176.31. 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, Inc. has a 12-month low of $164.89 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.Marsh & McLennan Companies’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.87 EPS. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors 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 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies’s 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.