Simplicity Wealth LLC Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Simplicity Wealth LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,992 shares of the financial services provider’s stock, valued at approximately $1,165,000.

Several other large investors have also recently added to or reduced their stakes in MRSH. PFG Investments LLC grew its stake in shares of Marsh & McLennan Companies by 3.3% in the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 56 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Marsh & McLennan Companies by 0.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock worth $1,823,000 after purchasing an additional 69 shares during the period. MMA Asset Management LLC boosted its stake in shares of Marsh & McLennan Companies by 1.7% in the 4th quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider’s stock valued at $757,000 after buying an additional 70 shares during the period. Continuum Advisory LLC grew its position in shares of Marsh & McLennan Companies by 5.3% during the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock worth $252,000 after buying an additional 73 shares in the last quarter. Finally, Clearstead Trust LLC raised its holdings in Marsh & McLennan Companies by 12.6% in the first quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 75 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Down 0.0%

Shares of MRSH opened at $187.75 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50-day moving average of $177.66. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $213.80. The stock has a market cap of $89.60 billion, a P/E ratio of 22.95, a PEG ratio of 2.69 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. The company had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio is currently 48.41%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price objective on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Piper Sandler reduced 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 research report on Tuesday, May 26th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Mizuho lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $201.94.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total transaction of $141,174.00. Following the completion of the sale, the senior vice president owned 16,376 shares in the company, valued at approximately $3,242,448. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the sale, the director owned 12,001 shares of the company’s stock, valued at approximately $2,107,975.65. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 36,469 shares of company stock worth $6,291,345. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Company 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.