Mach 1 Financial Group LLC Buys New Stake in Marsh & McLennan Companies, Inc. $MRSH

Mach 1 Financial Group LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 5,005 shares of the financial services provider’s stock, valued at approximately $929,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ninety One UK Ltd increased its stake in Marsh & McLennan Companies by 163.0% during the 4th quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider’s stock valued at $657,113,000 after purchasing an additional 2,195,201 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Marsh & McLennan Companies by 9,455.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,520,164 shares of the financial services provider’s stock valued at $282,021,000 after purchasing an additional 1,504,255 shares in the last quarter. Wellington Management Group LLP increased its stake in Marsh & McLennan Companies by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock valued at $3,041,386,000 after purchasing an additional 1,260,434 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Marsh & McLennan Companies by 654.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider’s stock valued at $285,992,000 after purchasing an additional 1,231,059 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Marsh & McLennan Companies by 29.7% during the 3rd quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider’s stock valued at $663,676,000 after purchasing an additional 753,828 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MRSH shares. Raymond James Financial upgraded shares of 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $200.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Morgan Stanley cut their price objective on shares of 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 cut their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $205.00.

Marsh & McLennan Companies Price Performance

NYSE:MRSH opened at $163.66 on Thursday. The business has a fifty day simple moving average of $168.84. Marsh & McLennan Companies, Inc. has a 1-year low of $158.16 and a 1-year high of $235.78. The firm has a market capitalization of $78.85 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 2.42 and a beta of 0.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly 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. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies’s revenue was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Marsh & McLennan Companies 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.