4,645 Shares in Marsh & McLennan Companies, Inc. $MRSH Acquired by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the first quarter, HoldingsChannel reports. The fund acquired 4,645 shares of the financial services provider’s stock, valued at approximately $806,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $4,057,682,000. Capital International Investors acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth about $3,482,557,000. Capital World Investors bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $3,140,284,000. Wellington Management Group LLP acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $2,967,927,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $1,710,101,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MRSH shares. Barclays cut their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Morgan Stanley cut their target price on Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating for the company in a research report on Monday, July 6th. Mizuho raised their price target on Marsh & McLennan Companies from $194.00 to $197.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Wednesday, May 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $200.81.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $182.20 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $213.80. The company has a market cap of $88.02 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.74 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion for the quarter. The firm’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 10.36 EPS 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. Investors of record on Thursday, July 23rd will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 2.2%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, July 23rd. Marsh & McLennan Companies’s payout ratio is 45.00%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer 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 ownership of the stock. The sale 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. 0.38% of the stock is currently owned by corporate insiders.

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.