Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,697 shares of the financial services provider’s stock after selling 14,375 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $6,066,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MRSH. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $29,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $30,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE MRSH opened at $165.17 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $158.16 and a 12 month high of $235.78. The firm has a market capitalization of $79.58 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.38 and a beta of 0.65. The company’s 50 day moving average is $168.53. 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 issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company had revenue of $7.30 billion for the quarter. The company’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analyst Weigh In

MRSH has been the subject of several research reports. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price for the company in a research report on Tuesday, February 17th. Mizuho decreased their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. JPMorgan Chase & Co. dropped their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Bank of America decreased their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Cantor Fitzgerald raised their price target on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $205.00.

Insider Activity at Marsh & McLennan Companies

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

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.