60,429 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,429 shares of the financial services provider’s stock, valued at approximately $12,178,000. Marsh & McLennan Companies comprises approximately 0.9% of Entropy Technologies LP’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in MRSH. Brighton Jones LLC increased its stake in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bison Wealth LLC grew its holdings in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after buying an additional 869 shares during the last quarter. Wedbush Securities Inc. increased its position in Marsh & McLennan Companies by 60.8% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the financial services provider’s stock worth $363,000 after buying an additional 628 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 12.7% in the second quarter. AE Wealth Management LLC now owns 3,959 shares of the financial services provider’s stock valued at $866,000 after acquiring an additional 446 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Marsh & McLennan Companies by 21.7% during the second quarter. Allworth Financial LP now owns 4,653 shares of the financial services provider’s stock valued at $1,017,000 after acquiring an additional 831 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Evercore decreased their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings assumed coverage on shares of Marsh & McLennan Companies in a research report on Thursday, January 29th. They issued a “hold (c)” rating for the company. Cantor Fitzgerald raised their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Finally, Citigroup lifted their target price on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $216.12.

Marsh & McLennan Companies Trading Up 0.1%

MRSH opened at $170.98 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $170.37 and a 52-week high of $248.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The company has a market cap of $82.77 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last posted its 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. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same quarter in the previous year, the business posted $1.87 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio is presently 42.70%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

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.