Marsh & McLennan Companies, Inc. $MRSH Shares Purchased by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors raised its stake in Marsh & McLennan by 70.7% to 24,202 shares, valued at about $4.49 million, while institutional and hedge funds own roughly 87.99% of the stock.
• CEO John Q. Doyle sold 16,655 shares on March 4 at an average price of $183.30 for about $3.05 million, a 12.48% reduction in his position; insiders now own 0.38% of the company.
• Marsh & McLennan beat EPS estimates with $3.29 per share and reported revenue of $7.30 billion (up 7.6% YoY), and declared a quarterly dividend of $0.90 ($3.60 annualized, a 2.1% yield).

Concurrent Investment Advisors LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,202 shares of the financial services provider's stock after acquiring an additional 10,022 shares during the period. Concurrent Investment Advisors LLC's holdings in Marsh & McLennan Companies were worth $4,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MRSH. D.A. Davidson & CO. lifted its holdings in shares of Marsh & McLennan Companies by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider's stock worth $910,000 after purchasing an additional 54 shares during the last quarter. Procyon Advisors LLC increased its position in Marsh & McLennan Companies by 2.5% in the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider's stock worth $423,000 after buying an additional 56 shares during the period. PFG Investments LLC lifted its stake in Marsh & McLennan Companies by 3.3% in the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider's stock valued at $326,000 after buying an additional 56 shares during the last quarter. Lindenwold Advisors INC boosted its holdings in shares of Marsh & McLennan Companies by 0.4% during the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider's stock valued at $3,022,000 after acquiring an additional 62 shares during the period. Finally, Ashton Thomas Securities LLC grew its position in shares of Marsh & McLennan Companies by 1.8% during the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider's stock worth $736,000 after acquiring an additional 63 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Up 0.1%

Shares of Marsh & McLennan Companies stock opened at $170.31 on Tuesday. Marsh & McLennan Companies, Inc. has a 52 week low of $164.89 and a 52 week high of $235.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $82.06 billion, a PE ratio of 21.29, a PEG ratio of 2.48 and a beta of 0.75. The business has a 50-day simple moving average of $173.87.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 45.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on MRSH. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 price objective on the stock in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a "market perform" rating in a research note on Friday, April 17th. Morgan Stanley lowered their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. Barclays reduced their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $205.33.

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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