Focus Partners Advisor Solutions LLC Increases Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Focus Partners Advisor Solutions LLC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 99.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,047 shares of the financial services provider’s stock after acquiring an additional 5,997 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Marsh & McLennan Companies were worth $2,428,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MRSH. Hanson & Doremus Investment Management raised its position in shares of Marsh & McLennan Companies by 31.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 51 shares during the last quarter. D.A. Davidson & CO. increased its stake in Marsh & McLennan Companies by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock worth $910,000 after buying an additional 54 shares in the last quarter. OneAscent Wealth Management LLC raised its holdings in shares of Marsh & McLennan Companies by 6.1% during the second quarter. OneAscent Wealth Management LLC now owns 1,046 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 60 shares during the last quarter. Bank of Nova Scotia Trust Co. lifted its position in shares of Marsh & McLennan Companies by 6.7% in the second quarter. Bank of Nova Scotia Trust Co. now owns 949 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 60 shares in the last quarter. Finally, Ashton Thomas Securities LLC boosted its stake in shares of Marsh & McLennan Companies by 1.8% in the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock worth $736,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

MRSH has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Citigroup increased their target price on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research report on Tuesday, February 17th. Cantor Fitzgerald increased their price objective on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $216.18.

Marsh & McLennan Companies Stock Down 0.1%

Shares of MRSH stock opened at $184.62 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. The stock has a market cap of $89.38 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.59 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. The business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 EPS. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders 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 1.9%. Marsh & McLennan Companies’s payout ratio is currently 42.70%.

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.