Global Retirement Partners LLC Acquires New Holdings in Marsh & McLennan Companies, Inc. $MRSH

Global Retirement Partners LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,069 shares of the financial services provider’s stock, valued at approximately $1,345,000.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $4,057,682,000. Capital International Investors bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $3,482,557,000. Capital World Investors acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $3,140,284,000. Wellington Management Group LLP bought a new position in Marsh & McLennan Companies during the 4th quarter worth about $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $1,710,101,000. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Cantor Fitzgerald upped their price objective on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Mizuho boosted their target price on Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $201.94.

Insider Activity at Marsh & McLennan Companies

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

Marsh & McLennan Companies Trading Down 1.8%

Shares of NYSE MRSH opened at $184.41 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $88.00 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.69 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $213.80. The business’s 50 day simple moving average is $178.11.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business had revenue of $7.28 billion for the quarter. The business’s revenue was up 6.2% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. Marsh & McLennan Companies’s payout ratio is currently 48.41%.

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.