Dimensional Fund Advisors LP Buys 3,019 Shares of Marsh & McLennan Companies, Inc. $MRSH

Dimensional Fund Advisors LP grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,023,475 shares of the financial services provider’s stock after purchasing an additional 3,019 shares during the period. Dimensional Fund Advisors LP owned approximately 0.41% of Marsh & McLennan Companies worth $407,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Insigneo Advisory Services LLC grew its holdings in shares of Marsh & McLennan Companies by 104.0% during the third quarter. Insigneo Advisory Services LLC now owns 2,837 shares of the financial services provider’s stock valued at $572,000 after buying an additional 1,446 shares during the last quarter. Claro Advisors LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $224,000. Level Four Advisory Services LLC increased its holdings in Marsh & McLennan Companies by 8.6% during the 3rd quarter. Level Four Advisory Services LLC now owns 3,783 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 301 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in Marsh & McLennan Companies by 99.1% during the third quarter. Focus Partners Advisor Solutions LLC now owns 12,047 shares of the financial services provider’s stock worth $2,428,000 after buying an additional 5,997 shares during the last quarter. Finally, Becker Capital Management Inc. grew its position in shares of Marsh & McLennan Companies by 0.7% during the 3rd quarter. Becker Capital Management Inc. now owns 17,324 shares of the financial services provider’s stock valued at $3,491,000 after acquiring an additional 123 shares during the period. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MRSH shares. Barclays boosted their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. JPMorgan Chase & Co. cut their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Mizuho reiterated a “neutral” rating and set a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a research note on Friday, February 27th. Finally, Citigroup raised their target price on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $216.18.

Marsh & McLennan Companies Price Performance

NYSE:MRSH opened at $184.62 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $170.37 and a 52-week high of $248.00. 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 cap of $89.38 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 42.70%.

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.