Quilter Plc Increases Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Quilter Plc increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 456,857 shares of the financial services provider’s stock after buying an additional 51,478 shares during the period. Marsh & McLennan Companies comprises approximately 1.4% of Quilter Plc’s investment portfolio, making the stock its 24th biggest holding. Quilter Plc’s holdings in Marsh & McLennan Companies were worth $84,756,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MRSH. Brighton Jones LLC boosted its holdings in shares of Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted its stake in Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 869 shares in the last quarter. CW Advisors LLC grew its holdings in Marsh & McLennan Companies by 4.4% in the second quarter. CW Advisors LLC now owns 12,918 shares of the financial services provider’s stock worth $2,824,000 after purchasing an additional 548 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.4% during the 2nd quarter. Cresset Asset Management LLC now owns 17,392 shares of the financial services provider’s stock valued at $3,803,000 after purchasing an additional 248 shares during the last quarter. Finally, StoneX Group Inc. grew its stake in Marsh & McLennan Companies by 10.4% during the 2nd quarter. StoneX Group Inc. now owns 1,368 shares of the financial services provider’s stock worth $299,000 after buying an additional 129 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on MRSH shares. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a research note on Tuesday, February 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. JPMorgan Chase & Co. dropped their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Morgan Stanley upped 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. Finally, Weiss Ratings started coverage on shares of Marsh & McLennan Companies in a research note 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $212.06.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.1%

Marsh & McLennan Companies stock opened at $174.49 on Monday. Marsh & McLennan Companies, Inc. has a 52 week low of $164.89 and a 52 week high of $248.00. The business’s 50-day moving average price is $175.70. 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 firm has a market capitalization of $84.47 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, beating 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 business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same period in the previous year, the business posted $1.87 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 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. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.70%.

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.