WestHill Financial Advisors Inc. Raises Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

WestHill Financial Advisors Inc. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 215.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,731 shares of the financial services provider’s stock after purchasing an additional 4,599 shares during the quarter. Marsh & McLennan Companies accounts for approximately 0.2% of WestHill Financial Advisors Inc.’s investment portfolio, making the stock its 28th largest holding. WestHill Financial Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $1,249,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after buying an additional 2,960 shares during the period. Bison Wealth LLC increased its position in shares of Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares during the period. CW Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 4.4% during the second quarter. CW Advisors LLC now owns 12,918 shares of the financial services provider’s stock valued at $2,824,000 after acquiring an additional 548 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.4% in the second quarter. Cresset Asset Management LLC now owns 17,392 shares of the financial services provider’s stock valued at $3,803,000 after purchasing an additional 248 shares during the period. Finally, StoneX Group Inc. grew its stake in Marsh & McLennan Companies by 10.4% in the second quarter. StoneX Group Inc. now owns 1,368 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 129 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Mizuho reiterated a “neutral” rating and issued a $199.00 target price (down from $213.00) on shares of Marsh & McLennan Companies in a report on Friday, February 27th. Citigroup lifted their price objective on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Barclays lowered their price objective on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Finally, Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $212.06.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s 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 transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1%

Shares of Marsh & McLennan Companies stock opened at $174.49 on Monday. Marsh & McLennan Companies, Inc. has a 52-week low of $164.89 and a 52-week high of $248.00. The stock has a 50 day moving average price of $175.70. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $84.47 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.38 and a beta of 0.75.

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 analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 EPS. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

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.