Marsh (NYSE:MRSH) Sets New 52-Week Low – Here’s What Happened

Marsh (NYSE:MRSH)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $170.78 and last traded at $170.90, with a volume of 5415054 shares changing hands. The stock had previously closed at $185.03.

Wall Street Analyst Weigh In

MRSH has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on Marsh from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Mizuho set a $213.00 price objective on Marsh in a research note on Monday, February 2nd. Weiss Ratings initiated coverage on Marsh in a report on Thursday, January 29th. They set a “hold (c)” rating on the stock. Cantor Fitzgerald increased their target price on Marsh from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 price target on shares of Marsh in a research report on Friday, January 30th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Marsh presently has a consensus rating of “Hold” and an average target price of $204.86.

Marsh Stock Down 7.6%

The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $83.73 billion, a P/E ratio of 18.98, a PEG ratio of 2.89 and a beta of 0.75.

Marsh (NYSE:MRSH) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. The firm had revenue of $6.60 billion for the quarter, compared to analysts’ expectations of $6.52 billion. Marsh had a return on equity of 31.60% and a net margin of 15.42%.Marsh’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 earnings per share.

Marsh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, January 29th. This represents a $3.60 annualized dividend and a yield of 2.1%. Marsh’s dividend payout ratio (DPR) is 42.70%.

Institutional Trading of Marsh

Institutional investors have recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC acquired a new stake in shares of Marsh during the fourth quarter worth $361,000. Savant Capital LLC bought a new stake in shares of Marsh during the 4th quarter valued at about $1,599,000. Moors & Cabot Inc. acquired a new stake in Marsh during the fourth quarter worth about $534,000. Intech Investment Management LLC acquired a new stake in Marsh during the fourth quarter worth about $6,086,000. Finally, Investment Partners LTD. bought a new position in Marsh in the fourth quarter worth about $308,000. Institutional investors own 87.99% of the company’s stock.

About Marsh

Marsh is a global insurance broker and risk advisor that helps organizations assess, manage and transfer a broad range of risks. The firm provides insurance placement and broking services for commercial and public-sector clients as well as specialty solutions for families and high-net-worth individuals. Its work focuses on identifying exposures, designing risk-transfer strategies and securing coverage from insurers and reinsurers to protect clients’ assets and operations.

Services offered by Marsh include commercial property and casualty broking, cyber and professional-liability placement, employee benefits consulting, and industry-specific specialty lines such as marine, energy and construction.