5,005 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,005 shares of the financial services provider’s stock, valued at approximately $929,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRSH. Ninety One UK Ltd boosted its position in Marsh & McLennan Companies by 163.0% during the fourth quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider’s stock worth $657,113,000 after acquiring an additional 2,195,201 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Marsh & McLennan Companies by 9,455.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,520,164 shares of the financial services provider’s stock worth $282,021,000 after purchasing an additional 1,504,255 shares during the period. Wellington Management Group LLP raised its stake in Marsh & McLennan Companies by 9.1% during the third quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after purchasing an additional 1,260,434 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Marsh & McLennan Companies by 654.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider’s stock worth $285,992,000 after purchasing an additional 1,231,059 shares during the period. Finally, Invesco Ltd. raised its stake in Marsh & McLennan Companies by 29.7% during the third quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider’s stock worth $663,676,000 after purchasing an additional 753,828 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MRSH. Bank of America reduced their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Barclays reduced their target price on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday, May 6th. Finally, Mizuho reduced their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $205.00.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $163.66 on Thursday. The company has a 50 day moving average of $168.84. The stock has a market cap of $78.85 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.65. Marsh & McLennan Companies, Inc. has a 1 year low of $158.16 and a 1 year high of $235.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The business had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is 45.00%.

About Marsh & McLennan Companies

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.