Ferguson Wellman Capital Management Inc. Buys Shares of 4,240 Marsh & McLennan Companies, Inc. $MRSH

Ferguson Wellman Capital Management Inc. purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report) during the first quarter, HoldingsChannel.com reports. The fund purchased 4,240 shares of the financial services provider’s stock, valued at approximately $735,000.

Other large investors have also bought and sold shares of the company. Solstein Capital LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $25,000. SHP Wealth Management bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $28,000. 87.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MRSH has been the topic of a number of recent research reports. Mizuho lifted their target price on Marsh & McLennan Companies from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Piper Sandler reduced their target price 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. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $203.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley reduced their price objective on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $200.44.

Check Out Our Latest Stock Report on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $178.52 on Monday. The firm has a market cap of $86.24 billion, a P/E ratio of 22.32, a PEG ratio of 2.60 and a beta of 0.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $216.32.

Marsh & McLennan Companies (NYSE:MRSHGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies’s revenue was up 7.6% on a year-over-year basis. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.2%. Marsh & McLennan Companies’s payout ratio is 45.00%.

Trending Headlines about Marsh & McLennan Companies

Here are the key news stories impacting Marsh & McLennan Companies this week:

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

About Marsh & McLennan Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MRSH)

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