Flputnam Investment Management Co. Has $4.83 Million Holdings in Marsh & McLennan Companies, Inc. $MRSH

Flputnam Investment Management Co. cut its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 44.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,972 shares of the financial services provider’s stock after selling 22,898 shares during the period. Flputnam Investment Management Co.’s holdings in Marsh & McLennan Companies were worth $4,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Marsh & McLennan Companies by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,062 shares of the financial services provider’s stock valued at $5,677,000 after purchasing an additional 2,374 shares during the period. Mufg Securities Americas Inc. raised its position in shares of Marsh & McLennan Companies by 8.3% in the second quarter. Mufg Securities Americas Inc. now owns 14,512 shares of the financial services provider’s stock valued at $2,419,000 after buying an additional 1,116 shares in the last quarter. Nissay Asset Management Corp Japan boosted its stake in shares of Marsh & McLennan Companies by 2.4% in the second quarter. Nissay Asset Management Corp Japan now owns 64,414 shares of the financial services provider’s stock valued at $10,736,000 after buying an additional 1,536 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in Marsh & McLennan Companies during the second quarter worth approximately $14,204,000. Finally, Kingsview Wealth Management LLC bought a new position in Marsh & McLennan Companies during the 2nd quarter worth $6,919,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.1%

Shares of MRSH opened at $192.90 on Monday. The stock has a 50-day moving average price of $182.75. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $207.82. The firm has a market cap of $92.05 billion, a PE ratio of 23.58, a PEG ratio of 2.67 and a beta of 0.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.44 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 48.41%.

Insider Activity

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the completion of the sale, the senior vice president owned 16,376 shares of the company’s stock, valued at $3,242,448. This represents a 4.17% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last quarter. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

MRSH has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Mizuho boosted their target price on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Piper Sandler reduced their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Citigroup downgraded 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 report on Wednesday, July 22nd. Finally, Morgan Stanley raised their target price on Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $203.50.

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.