Quilter Plc Increases Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Quilter Plc raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,857 shares of the financial services provider’s stock after acquiring an additional 51,478 shares during the period. Marsh & McLennan Companies makes up 1.4% of Quilter Plc’s portfolio, making the stock its 24th biggest position. Quilter Plc owned about 0.09% of Marsh & McLennan Companies worth $84,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MRSH. Brighton Jones LLC increased its position 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 worth $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bison Wealth LLC grew its stake in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares during the period. CW Advisors LLC increased its position in shares of Marsh & McLennan Companies by 4.4% in the second quarter. CW Advisors LLC now owns 12,918 shares of the financial services provider’s stock worth $2,824,000 after acquiring an additional 548 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of Marsh & McLennan Companies by 1.4% in the 2nd quarter. Cresset Asset Management LLC now owns 17,392 shares of the financial services provider’s stock valued at $3,803,000 after acquiring an additional 248 shares during the period. Finally, StoneX Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 10.4% during the 2nd quarter. StoneX Group Inc. now owns 1,368 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 129 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on MRSH. Keefe, Bruyette & Woods raised their price objective on 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. 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. JPMorgan Chase & Co. reduced their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Weiss Ratings began coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a “hold (c)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $212.06.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Down 0.1%

MRSH stock opened at $174.49 on Monday. The firm has a market capitalization of $84.47 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.38 and a beta of 0.75. The stock’s 50 day moving average is $175.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. Marsh & McLennan Companies, Inc. has a twelve month low of $164.89 and a twelve month high of $248.00.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed 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. This represents a $3.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 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.