Wealth Enhancement Advisory Services LLC Has $16.03 Million Holdings in Marsh & McLennan Companies, Inc. $MRSH

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 54.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,438 shares of the financial services provider’s stock after selling 104,960 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $16,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in shares of 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 valued at $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC lifted its holdings in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the last quarter. Magnetar Financial LLC bought a new stake in Marsh & McLennan Companies during the second quarter worth approximately $263,000. Global Retirement Partners LLC acquired a new position in Marsh & McLennan Companies during the second quarter valued at approximately $1,064,000. Finally, Insigneo Advisory Services LLC raised its position in shares of Marsh & McLennan Companies by 8.8% in the second quarter. Insigneo Advisory Services LLC now owns 1,391 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MRSH shares. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. Citigroup boosted their target price on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $212.06.

Marsh & McLennan Companies Stock Performance

NYSE:MRSH opened at $173.92 on Thursday. The stock’s 50-day moving average is $176.71. The company has a market cap of $84.20 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.36 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, Inc. has a 52-week low of $164.89 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results 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 net margin of 15.42% and a return on equity of 31.60%. The business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter last year, the company earned $1.87 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Equities 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. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.70%.

Insider Activity

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

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.