Calamos Advisors LLC Has $24.43 Million Stake in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Calamos Advisors LLC cut its position in Marsh & McLennan by 50.8%, selling 136,084 shares and leaving 131,672 shares valued at about $24.43 million.
• Marsh & McLennan posted an earnings beat (EPS $3.29 vs. $3.21) with revenue of $7.30B (up 7.6%) and declared a quarterly dividend of $0.90 (annualized $3.60, ~2.1% yield).
• Analyst sentiment is mixed—MarketBeat shows a consensus Hold and $205.33 target after several price-target cuts—while CEO John Q. Doyle sold 16,655 shares, reducing his stake by 12.48%.

Calamos Advisors LLC reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 50.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,672 shares of the financial services provider's stock after selling 136,084 shares during the period. Calamos Advisors LLC's holdings in Marsh & McLennan Companies were worth $24,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MRSH. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $29,000. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $30,000. Finally, TruNorth Capital Management LLC bought a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $32,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $170.13 on Friday. The company has a market cap of $81.97 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.54 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 52-week low of $164.89 and a 52-week high of $235.78. The stock's 50 day simple moving average is $174.01. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.21 by $0.08. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business's revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.36 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies's dividend payout ratio is presently 45.00%.

Insider Activity

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

MRSH has been the topic of several analyst reports. Weiss Ratings initiated coverage on Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a "hold (c)" rating on the stock. JPMorgan Chase & Co. reduced their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an "equal weight" rating on the stock in a report on Thursday, April 9th. Bank of America reduced their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a report on Tuesday, April 14th. Finally, Raymond James Financial upgraded Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 target price on the stock in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $205.33.

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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