Marsh & McLennan Companies, Inc. $MRSH Shares Bought by Stevens Capital Management LP

Stevens Capital Management LP grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 385.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,431 shares of the financial services provider’s stock after purchasing an additional 5,105 shares during the period. Stevens Capital Management LP’s holdings in Marsh & McLennan Companies were worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $25,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $29,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $30,000. Finally, Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.0%

Marsh & McLennan Companies stock opened at $167.30 on Wednesday. The stock has a market capitalization of $80.60 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 0.65. The stock’s fifty day moving average is $173.34. Marsh & McLennan Companies, Inc. has a twelve month low of $164.89 and a twelve month high of $235.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. The firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.Marsh & McLennan Companies’s revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is presently 45.00%.

Analyst Upgrades and Downgrades

MRSH has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Monday, April 27th. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Barclays dropped their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Cantor Fitzgerald increased their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $205.33.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 owned 116,811 shares in the company, valued at $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 available through this hyperlink. 0.38% of the stock is currently owned by company 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.