8,069 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC initiated a position of 8,069 Marsh & McLennan shares valued at approximately $1.35 million. Institutional investors collectively own 87.99% of the company.
• Marsh & McLennan exceeded quarterly earnings expectations, reporting $2.96 EPS versus the $2.89 consensus, while revenue rose 6.2% year over year to $7.28 billion.
• The company raised its quarterly dividend to $0.99 per share, equivalent to a $3.96 annual payout and a 2.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $201.94.

Global Retirement Partners LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,069 shares of the financial services provider's stock, valued at approximately $1,345,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 0.8% during 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 buying an additional 387,100 shares during the period. State Street Corp bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at $4,057,682,000. Capital International Investors bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $3,482,557,000. Capital World Investors acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $3,140,284,000. Finally, Wellington Management Group LLP bought a new position in Marsh & McLennan Companies during the 4th quarter valued at about $2,967,927,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 1.8%

Shares of Marsh & McLennan Companies stock opened at $184.41 on Tuesday. The business's fifty day moving average is $178.11. The firm has a market capitalization of $88.00 billion, a PE ratio of 22.54, a PEG ratio of 2.69 and a beta of 0.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. 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 - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.07. The firm 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%.The business's quarterly revenue was up 6.2% compared to the same quarter last year. Analysts expect that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.90. Marsh & McLennan Companies's payout ratio is 48.41%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MRSH shares. Mizuho upped their price objective on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Piper Sandler reduced their target price on 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 raised their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Citigroup downgraded Marsh & McLennan Companies from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased their target price 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 research 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 issued a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $201.94.

Insider Activity

In other news, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the transaction, the director directly owned 12,001 shares of the company's stock, valued at $2,107,975.65. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Martin South sold 7,100 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the completion of the transaction, the insider directly owned 16,632 shares of the company's stock, valued at $3,159,913.68. This trade represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,469 shares of company stock worth $6,291,345 in the last ninety days. Company insiders own 0.38% of the company's stock.

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.

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