OneDigital Investment Advisors LLC Invests $1.56 Million in Marsh & McLennan Companies, Inc. $MRSH

OneDigital Investment Advisors LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,373 shares of the financial services provider’s stock, valued at approximately $1,562,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $4,057,682,000. Capital International Investors acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $3,482,557,000. Capital World Investors acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $3,140,284,000. Wellington Management Group LLP purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $1,710,101,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Down 1.8%

Shares of Marsh & McLennan Companies stock opened at $184.41 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $213.80. The stock 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. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day simple moving average of $178.11.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.07. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The firm’s revenue was up 6.2% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were given a dividend of $0.99 per share. 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 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s payout ratio is presently 48.41%.

Insider Activity at Marsh & McLennan Companies

In other news, Director Lloyd M. Yates sold 12,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,107,975.65. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Paul Beswick sold 713 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total value of $141,174.00. Following the sale, the senior vice president owned 16,376 shares of the company’s stock, valued at approximately $3,242,448. This represents a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,469 shares of company stock worth $6,291,345 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MRSH shares. Piper Sandler cut their price objective on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Citigroup lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $201.94.

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.