12,630 Shares in Marsh & McLennan Companies, Inc. $MRSH Acquired by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,630 shares of the financial services provider’s stock, valued at approximately $2,105,000.

Several other institutional investors have also modified their holdings of MRSH. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Marsh & McLennan Companies during the second quarter worth about $555,000. Rakuten Investment Management Inc. acquired a new stake in Marsh & McLennan Companies during the second quarter worth $13,137,000. Glenview Trust Co acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at $15,253,000. North Star Asset Management Inc. purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $505,000. Finally, Empowered Funds LLC purchased a new stake in Marsh & McLennan Companies in the 2nd quarter valued at about $6,900,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MRSH has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Cantor Fitzgerald increased their price objective on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings raised Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wells Fargo & Company upped their price target on 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $203.50.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd M. Yates sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total value of $2,107,800.00. Following the sale, the director owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,469 shares of company stock valued at $6,291,345 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MRSH opened at $192.90 on Friday. The stock has a market cap of $92.05 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 2.64 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $207.82. The firm has a fifty day moving average price of $182.75. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business had revenue of $7.28 billion for the quarter. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

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

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.