Nisa Investment Advisors LLC Has $29.23 Million Holdings in Marsh & McLennan Companies, Inc. $MRSH

Nisa Investment Advisors LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,563 shares of the financial services provider’s stock after purchasing an additional 4,804 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $29,231,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Marsh & McLennan Companies by 3.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 192,277 shares of the financial services provider’s stock valued at $35,671,000 after purchasing an additional 5,889 shares during the period. AA Financial Advisors LLC grew its stake in Marsh & McLennan Companies by 10.4% during the fourth quarter. AA Financial Advisors LLC now owns 6,128 shares of the financial services provider’s stock worth $1,137,000 after purchasing an additional 579 shares during the period. Chesley Taft & Associates LLC increased its holdings in Marsh & McLennan Companies by 66.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 10,052 shares of the financial services provider’s stock worth $1,865,000 after purchasing an additional 4,011 shares in the last quarter. Waycross Partners LLC grew its position in shares of Marsh & McLennan Companies by 19.7% during the 4th quarter. Waycross Partners LLC now owns 166,998 shares of the financial services provider’s stock worth $30,981,000 after buying an additional 27,477 shares during the period. Finally, Pallas Capital Advisors LLC boosted its stake in Marsh & McLennan Companies by 33.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,892 shares of the financial services provider’s stock worth $908,000 after acquiring an additional 1,213 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Cantor Fitzgerald boosted their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Morgan Stanley boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Citigroup upped their price objective on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings initiated coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They set a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $212.06.

Insider Activity

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

Marsh & McLennan Companies Stock Down 0.1%

MRSH stock opened at $173.22 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $83.86 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.38 and a beta of 0.74. The firm has a 50 day simple moving average of $176.31. Marsh & McLennan Companies, Inc. has a 12-month low of $164.89 and a 12-month high of $248.00.

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

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be given 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 of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is currently 42.70%.

Marsh & McLennan Companies Company 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.