Marsh & McLennan Companies, Inc. $MRSH Shares Acquired by Numerai GP LLC

Numerai GP LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 966.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,220 shares of the financial services provider’s stock after acquiring an additional 33,729 shares during the period. Marsh & McLennan Companies comprises 1.1% of Numerai GP LLC’s holdings, making the stock its 9th largest position. Numerai GP LLC’s holdings in Marsh & McLennan Companies were worth $7,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies during the third quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $32,000. TruNorth Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. Finally, Financial Life Planners acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth about $32,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value 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 $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on MRSH shares. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Barclays decreased their target price on Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Weiss Ratings started coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a “hold (c)” rating for the company. Evercore reduced their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald lifted their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. One 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $216.12.

Marsh & McLennan Companies Trading Down 0.0%

Shares of 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 PEG ratio of 2.34 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. Marsh & McLennan Companies, Inc. has a 12-month low of $170.37 and a 12-month high of $248.00. The company’s 50-day simple moving average is $179.40.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $6.60 billion for the quarter, compared to analyst estimates 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 was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.87 EPS. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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