Delta Global Management LP Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Delta Global Management LP acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,111 shares of the financial services provider’s stock, valued at approximately $2,441,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the period. Bison Wealth LLC boosted its holdings in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares during the period. Empower Advisory Group LLC grew its stake in Marsh & McLennan Companies by 15.1% in the 2nd quarter. Empower Advisory Group LLC now owns 3,697 shares of the financial services provider’s stock valued at $808,000 after buying an additional 485 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 29.8% during the 2nd quarter. Meridian Wealth Management LLC now owns 1,172 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 269 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Marsh & McLennan Companies by 4.0% in the second quarter. Cetera Investment Advisers now owns 108,347 shares of the financial services provider’s stock worth $23,689,000 after acquiring an additional 4,159 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.0%

NYSE:MRSH opened at $173.70 on Tuesday. The stock has a market cap of $84.09 billion, a PE ratio of 20.60, a P/E/G ratio of 2.34 and a beta of 0.74. 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 firm has a 50-day simple moving average of $179.40. Marsh & McLennan Companies, Inc. has a twelve month low of $170.37 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. The company had revenue of $6.60 billion for 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%. Marsh & McLennan Companies’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 earnings per share. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

MRSH has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on 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. Cantor Fitzgerald lifted their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Weiss Ratings started coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a “hold (c)” rating on the stock. Citigroup raised their price objective 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. Finally, Evercore decreased their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $216.12.

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.