Quadcap Wealth Management LLC Makes New $918,000 Investment in Marsh & McLennan Companies, Inc. $MRSH

Quadcap Wealth Management LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,293 shares of the financial services provider’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRSH. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Solstein Capital LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth $25,000. SHP Wealth Management purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $27,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $27,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.0%

MRSH stock opened at $180.66 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $86.21 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.60 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $213.80.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data 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 business had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.Marsh & McLennan Companies’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.41 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd will be issued a dividend of $0.99 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, July 23rd. This represents a $3.96 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $203.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Bank of America lowered their target price on shares of 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. Mizuho boosted their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company upped 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 report on Wednesday, July 22nd. Finally, Barclays dropped their target price on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One equities 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 company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $201.69.

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.