Exchange Traded Concepts LLC Sells 6,716 Shares of Marsh & McLennan Companies, Inc. $MRSH

Exchange Traded Concepts LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 29.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,250 shares of the financial services provider’s stock after selling 6,716 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Marsh & McLennan Companies were worth $3,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 51.2% during the fourth 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 last quarter. Bison Wealth LLC grew its position in shares of Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in Marsh & McLennan Companies by 36.9% during the second quarter. J.W. Cole Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 638 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Marsh & McLennan Companies by 21.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,316 shares of the financial services provider’s stock valued at $8,377,000 after acquiring an additional 6,702 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in Marsh & McLennan Companies in the second quarter worth $45,000. 87.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1%

Shares of MRSH stock opened at $173.22 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $164.89 and a 52-week high of $248.00. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. The firm has a market cap of $83.86 billion, a PE ratio of 20.55, a PEG ratio of 2.38 and a beta of 0.74. The company has a 50-day moving average of $176.31.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same period in the prior year, the firm posted $1.87 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

MRSH has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Evercore reduced their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Barclays lowered their price target on Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. JPMorgan Chase & Co. cut their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Finally, Morgan Stanley increased their price objective on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, five have given 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, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $212.06.

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.