Rathbones Group PLC Acquires 67,901 Shares of Marsh & McLennan Companies, Inc. $MRSH

Rathbones Group PLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,332,148 shares of the financial services provider’s stock after buying an additional 67,901 shares during the quarter. Marsh & McLennan Companies comprises about 1.0% of Rathbones Group PLC’s holdings, making the stock its 27th largest position. Rathbones Group PLC’s holdings in Marsh & McLennan Companies were worth $247,140,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Numerai GP LLC raised its stake in shares of Marsh & McLennan Companies by 966.2% in the third quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider’s stock valued at $7,501,000 after buying an additional 33,729 shares during the period. Rockland Trust Co. raised its stake in shares of Marsh & McLennan Companies by 801.6% in the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock valued at $2,433,000 after buying an additional 10,734 shares during the period. Swiss Life Asset Management Ltd grew its position in shares of Marsh & McLennan Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider’s stock valued at $24,960,000 after purchasing an additional 11,648 shares in the last quarter. Barclays PLC grew its position in shares of Marsh & McLennan Companies by 41.7% in the third quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock valued at $443,844,000 after purchasing an additional 647,987 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its position in shares of Marsh & McLennan Companies by 4.4% in the third quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock valued at $15,356,000 after purchasing an additional 3,177 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.2%

Marsh & McLennan Companies stock opened at $163.66 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day simple moving average is $168.84. Marsh & McLennan Companies, Inc. has a 52 week low of $158.16 and a 52 week high of $235.78. The stock has a market capitalization of $78.85 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.65.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion during the quarter. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies 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 completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MRSH has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Cantor Fitzgerald boosted their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. reduced their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. One 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 issued a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $205.00.

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.