WBI Investments LLC Invests $984,000 in Marsh & McLennan Companies, Inc. $MRSH

WBI Investments LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,882 shares of the financial services provider’s stock, valued at approximately $984,000.

A number of other institutional investors also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. purchased a new stake in Marsh & McLennan Companies in the third quarter worth about $25,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $29,000. Delos Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $32,000. TruNorth Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $32,000. Finally, Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the third quarter valued at approximately $32,000. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

MRSH has been the subject of several recent research reports. Cantor Fitzgerald raised their price objective on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Evercore cut their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Finally, Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price for the company in a research note on Tuesday, February 17th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $216.12.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Trading Up 0.0%

NYSE MRSH opened at $171.96 on Wednesday. The business has a fifty day moving average of $179.06. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $83.25 billion, a PE ratio of 20.40, a P/E/G ratio of 2.36 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 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, topping analysts’ consensus estimates of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The company had revenue of $6.60 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter in the previous year, the business posted $1.87 EPS. Marsh & McLennan Companies’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend 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.