Perigon Wealth Management LLC Sells 5,484 Shares of Marsh & McLennan Companies, Inc. $MRSH

Perigon Wealth Management LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 41.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,896 shares of the financial services provider’s stock after selling 5,484 shares during the period. Perigon Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $1,465,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies during the third quarter valued at approximately $30,000. Delos Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies in the 2nd quarter worth approximately $32,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth $32,000. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred on 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 approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MRSH shares. JPMorgan Chase & Co. dropped their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Weiss Ratings began coverage on Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a “hold (c)” rating for the company. Evercore reduced their price objective 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. Finally, Mizuho restated a “neutral” rating and issued a $199.00 target price (down from $213.00) on shares of Marsh & McLennan Companies in a research report on Friday, February 27th. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $212.06.

Marsh & McLennan Companies Stock Down 0.1%

Marsh & McLennan Companies stock opened at $174.49 on Monday. The stock has a fifty day simple moving average of $175.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. Marsh & McLennan Companies, Inc. has a twelve month low of $164.89 and a twelve month high of $248.00. The company has a market capitalization of $84.47 billion, a P/E ratio of 20.70, a PEG ratio of 2.38 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect 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. Shareholders of record on Thursday, April 9th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is 42.70%.

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.