Focus Partners Advisor Solutions LLC Takes $2.15 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,917 shares of the financial services provider’s stock, valued at approximately $2,153,000.

A number of other institutional investors have also added to or reduced their stakes in MRSH. State Street Corp bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $4,057,682,000. Capital International Investors purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $3,482,557,000. Capital World Investors bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $3,140,284,000. Wellington Management Group LLP purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $2,967,927,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Marsh & McLennan Companies during the fourth quarter worth $1,710,101,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MRSH opened at $187.75 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $213.80. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average price of $177.66. The company has a market capitalization of $89.60 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.69 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share 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 company had revenue of $7.28 billion during the quarter. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were given a dividend of $0.99 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 48.41%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 transaction, the director directly owned 12,001 shares in the company, valued at approximately $2,107,975.65. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 713 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the sale, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. The trade was a 4.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 36,469 shares of company stock worth $6,291,345 over the last three months. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MRSH. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Piper Sandler decreased their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Finally, Cantor Fitzgerald boosted their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $201.94.

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.