Te Ahumairangi Investment Management Ltd Boosts Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Te Ahumairangi Investment Management Ltd grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 43.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,107 shares of the financial services provider’s stock after purchasing an additional 7,000 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $4,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MRSH. Pinnacle Bancorp Inc. bought a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $25,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter valued at $29,000. Delos Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $32,000. TruNorth Capital Management LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $32,000. Finally, Financial Life Planners bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $32,000. 87.99% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. 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 is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH traded up $1.36 during trading hours on Friday, reaching $172.24. 199,902 shares of the company’s stock traded hands, compared to its average volume of 2,983,137. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. The company has a market cap of $83.38 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 and a 12 month high of $248.00.

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

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 42.70%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MRSH shares. Citigroup upped their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Mizuho reiterated a “neutral” rating and issued a $199.00 target price (down from $213.00) on shares of Marsh & McLennan Companies in a research note on Friday, February 27th. Finally, Cantor Fitzgerald boosted their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $216.12.

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.