SOA Wealth Advisors LLC. Buys New Position in Marsh & McLennan Companies, Inc. $MRSH

SOA Wealth Advisors LLC. purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, HoldingsChannel reports. The firm purchased 2,728 shares of the financial services provider’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $29,000. Solstein Capital LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $25,000. SHP Wealth Management bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $27,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on MRSH shares. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Barclays lowered their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Piper Sandler dropped their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $201.94.

Marsh & McLennan Companies Trading Down 0.8%

MRSH opened at $189.89 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $213.80. The firm has a market capitalization of $90.62 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.75 and a beta of 0.61. The business’s fifty day simple moving average is $173.23. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data 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 firm 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 company’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd will be paid a dividend of $0.99 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

Insider Buying and Selling

In other news, insider Martin South sold 7,100 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of the sale, the insider directly owned 16,632 shares of the company’s stock, valued at $3,159,913.68. This represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total value of $2,107,800.00. Following the transaction, the director directly owned 12,001 shares in the company, valued at approximately $2,107,975.65. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 36,469 shares of company stock valued at $6,291,345. Company insiders own 0.38% of the company’s stock.

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.