Sageworth Trust Co Takes $656,000 Position in Marsh & McLennan Companies, Inc. $MRSH

Sageworth Trust Co bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the first quarter, Holdings Channel.com reports. The fund bought 3,782 shares of the financial services provider’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRSH. Frank Rimerman Advisors LLC acquired a new stake in Marsh & McLennan Companies in the first quarter valued at $1,040,000. Lmcg Investments LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $991,000. Childress Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $314,000. Flatrock Wealth Partners LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $250,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in Marsh & McLennan Companies during the first quarter worth approximately $555,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

MRSH has been the topic of several recent analyst reports. Piper Sandler dropped 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 note on Tuesday, May 26th. UBS Group upped their target price on shares of Marsh & McLennan Companies from $203.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley dropped their target price on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Monday. Mizuho reduced 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 research report on Monday, April 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $199.81.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’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 transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Performance

Shares of MRSH stock opened at $178.87 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $86.41 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.59 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $216.32.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be given a $0.99 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a yield of 2.2%. Marsh & McLennan Companies’s payout ratio is 45.00%.

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.