Longfellow Investment Management Co. LLC Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Longfellow Investment Management Co. LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,106 shares of the financial services provider’s stock, valued at approximately $1,851,000.

Other hedge funds have also recently bought and sold shares of the company. Solstein Capital LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $25,000. Asset Dedication LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. SHP Wealth Management acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $27,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.0%

Shares of Marsh & McLennan Companies stock opened at $187.75 on Monday. The company has a fifty day moving average price of $177.66. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $213.80. The firm has a market capitalization of $89.60 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.69 and a beta of 0.59. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm had revenue of $7.28 billion for the quarter. The company’s revenue was up 6.2% compared to the same quarter last year. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were paid a dividend of $0.99 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 48.41%.

Analyst Upgrades and Downgrades

MRSH has been the subject of a number of analyst reports. UBS Group boosted their price target on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Piper Sandler cut their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Citigroup cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $201.94.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the transaction, the senior vice president owned 16,376 shares in the company, valued at approximately $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the sale, the insider owned 16,632 shares of the company’s stock, valued at $3,159,913.68. This trade represents a 29.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 36,469 shares of company stock valued at $6,291,345. 0.38% of the stock is currently owned by corporate insiders.

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.