8,767 Shares in Marsh & McLennan Companies, Inc. $MRSH Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,767 shares of the financial services provider’s stock, valued at approximately $1,461,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,589,633 shares of the financial services provider’s stock worth $8,643,309,000 after acquiring an additional 387,100 shares during the last quarter. State Street Corp bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $4,057,682,000. Capital International Investors purchased a new position in Marsh & McLennan Companies in the fourth quarter worth $3,482,557,000. Capital World Investors purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $3,140,284,000. Finally, Wellington Management Group LLP purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $2,967,927,000. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MRSH has been the subject of a number of recent research reports. Mizuho boosted their target price on Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Piper Sandler reduced their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Cantor Fitzgerald upped their price target on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $201.94.

Marsh & McLennan Companies Stock Down 1.8%

Shares of Marsh & McLennan Companies stock opened at $184.41 on Tuesday. The company has a market cap of $88.00 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.69 and a beta of 0.59. The stock has a fifty day moving average price of $178.11. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $213.80.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.07. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.Marsh & McLennan Companies’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 2.1%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

Insider Activity at Marsh & McLennan Companies

In other news, Director Lloyd M. Yates sold 12,000 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total value of $2,107,800.00. Following the completion of the sale, the director directly owned 12,001 shares of the company’s stock, valued at approximately $2,107,975.65. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. 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 quarter. Company insiders own 0.38% 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.