Mogy Joel R Investment Counsel Inc. Sells 6,880 Shares of Marsh & McLennan Companies, Inc. $MRSH

Mogy Joel R Investment Counsel Inc. lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,418 shares of the financial services provider’s stock after selling 6,880 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Marsh & McLennan Companies were worth $2,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $30,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $32,000. Finally, City Holding Co. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $29,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MRSH opened at $167.83 on Friday. The stock has a 50 day moving average price of $173.42. The company has a market cap of $80.86 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.49 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 1-year low of $164.89 and a 1-year 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 earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.36 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be given a $0.90 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s payout ratio is presently 45.00%.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the sale, the chief executive officer 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 filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Monday. JPMorgan Chase & Co. dropped their price target on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Barclays dropped their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $205.33.

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.