Parvin Asset Management LLC Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Parvin Asset Management LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,230 shares of the financial services provider’s stock, valued at approximately $538,000.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MRSH. Weiss Ratings upgraded Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Citigroup downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Piper Sandler decreased their price objective 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, Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $203.50.

Insider Activity at Marsh & McLennan Companies

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 stock was sold at an average price of $175.65, for a total value of $2,107,800.00. Following the sale, the director owned 12,001 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total transaction of $141,174.00. Following the transaction, the senior vice president owned 16,376 shares of the company’s stock, valued at approximately $3,242,448. The trade was a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,469 shares of company stock valued at $6,291,345 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.1%

MRSH opened at $193.58 on Thursday. The firm’s 50 day moving average is $181.58. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week 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 stock has a market cap of $92.38 billion, a P/E ratio of 23.67, 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 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company had revenue of $7.28 billion during the quarter. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $3.96 annualized dividend and a dividend yield of 2.0%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s payout ratio is 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.