Jennison Associates LLC Has $42.50 Million Holdings in Marsh & McLennan Companies, Inc. $MRSH

Jennison Associates LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 61.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,075 shares of the financial services provider’s stock after selling 370,938 shares during the period. Jennison Associates LLC’s holdings in Marsh & McLennan Companies were worth $42,498,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. D.A. Davidson & CO. lifted its position in shares of Marsh & McLennan Companies by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock worth $910,000 after purchasing an additional 54 shares during the last quarter. Procyon Advisors LLC increased its stake in Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 56 shares during the period. PFG Investments LLC increased its stake in Marsh & McLennan Companies by 3.3% during the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 56 shares during the period. Lindenwold Advisors INC increased its stake in Marsh & McLennan Companies by 0.4% during the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock valued at $3,022,000 after acquiring an additional 62 shares during the period. Finally, Ashton Thomas Securities LLC increased its stake in Marsh & McLennan Companies by 1.8% during the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock valued at $736,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Cantor Fitzgerald increased their price target on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Monday. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $205.33.

Marsh & McLennan Companies Trading Down 0.8%

MRSH stock opened at $166.38 on Friday. The business’s 50-day moving average price is $173.42. The company has a market cap of $80.16 billion, a PE ratio of 20.80, a PEG ratio of 2.45 and a beta of 0.65. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 1 year low of $164.89 and a 1 year high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.The company’s revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 10.36 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 issued a $0.90 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 45.00%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was 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. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is 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.