Gilbert & Cook Inc. Has $906,000 Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Gilbert & Cook Inc. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 164.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,886 shares of the financial services provider’s stock after purchasing an additional 3,040 shares during the period. Gilbert & Cook Inc.’s holdings in Marsh & McLennan Companies were worth $906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter valued at $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the third quarter valued at about $30,000. Delos Wealth Advisors LLC acquired a new stake in Marsh & McLennan Companies in the second quarter worth about $32,000. Finally, TruNorth Capital Management LLC bought a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MRSH opened at $176.00 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day simple moving average is $178.29. Marsh & McLennan Companies, Inc. has a fifty-two week low of $164.89 and a fifty-two week high of $248.00. The company has a market cap of $85.21 billion, a PE ratio of 20.88, a PEG ratio of 2.33 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same period last year, the company posted $1.87 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 42.70%.

Analyst Ratings Changes

MRSH has been the topic of several recent research reports. Evercore reduced their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. 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 report on Tuesday, February 17th. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Cantor Fitzgerald upped their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, Mizuho restated a “neutral” rating and issued a $199.00 price target (down from $213.00) on shares of Marsh & McLennan Companies in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $216.12.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% 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.