Global Retirement Partners LLC Has $1.89 Million Stake in Marsh & McLennan Companies, Inc. $MRSH

Global Retirement Partners LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 104.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,212 shares of the financial services provider’s stock after acquiring an additional 5,225 shares during the period. Global Retirement Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $30,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $32,000. City Holding Co. acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $35,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MRSH shares. Wells Fargo & Company lowered their price target on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $200.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. 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. Barclays lowered their price target 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, Bank of America lowered their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $205.00.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $164.14 on Friday. The firm has a market cap of $79.08 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.39 and a beta of 0.65. The business’s 50-day moving average price is $168.09. Marsh & McLennan Companies, Inc. has a fifty-two week low of $158.16 and a fifty-two week 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 quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business’s revenue was up 7.6% on a year-over-year basis. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by corporate 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.