Flputnam Investment Management Co. Has $4.83 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Flputnam Investment Management Co. lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 44.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,972 shares of the financial services provider's stock after selling 22,898 shares during the period. Flputnam Investment Management Co.'s holdings in Marsh & McLennan Companies were worth $4,829,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Marsh & McLennan Companies by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,062 shares of the financial services provider's stock worth $5,677,000 after purchasing an additional 2,374 shares in the last quarter. Mufg Securities Americas Inc. lifted its holdings in Marsh & McLennan Companies by 8.3% during the 2nd quarter. Mufg Securities Americas Inc. now owns 14,512 shares of the financial services provider's stock valued at $2,419,000 after purchasing an additional 1,116 shares during the last quarter. Nissay Asset Management Corp Japan boosted its position in Marsh & McLennan Companies by 2.4% in the second quarter. Nissay Asset Management Corp Japan now owns 64,414 shares of the financial services provider's stock valued at $10,736,000 after buying an additional 1,536 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in Marsh & McLennan Companies during the second quarter worth about $14,204,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $6,919,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $192.90 on Monday. The company has a market cap of $92.05 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 2.67 and a beta of 0.59. The business's 50 day moving average price is $182.75. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $207.82.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business had revenue of $7.28 billion for the quarter. The firm's revenue was up 6.2% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 10.44 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

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

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the sale, the insider directly owned 16,632 shares in the company, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies 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 in the company, valued at approximately $2,107,975.65. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 36,469 shares of company stock valued at $6,291,345 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MRSH. Piper Sandler dropped their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating for the company in a report on Tuesday, May 26th. Weiss Ratings upgraded Marsh & McLennan Companies from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an "equal weight" rating in a report on Wednesday, July 22nd. Citigroup downgraded shares of Marsh & McLennan Companies from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald increased their price objective on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $203.50.

About Marsh & McLennan Companies

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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