Perigon Wealth Management LLC Trims Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Perigon Wealth Management LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,896 shares of the financial services provider’s stock after selling 5,484 shares during the quarter. Perigon Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $1,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MRSH. PICTET BANK & TRUST Ltd lifted its position in Marsh & McLennan Companies by 13.7% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 9,549 shares of the financial services provider’s stock valued at $1,772,000 after purchasing an additional 1,154 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its position in Marsh & McLennan Companies by 11.5% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 5,845 shares of the financial services provider’s stock worth $1,084,000 after buying an additional 601 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of Marsh & McLennan Companies by 11.4% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 192,881 shares of the financial services provider’s stock valued at $35,783,000 after buying an additional 19,769 shares in the last quarter. Scharf Investments LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $66,375,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $75,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on MRSH shares. Barclays lowered their price target on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Cantor Fitzgerald raised their price objective on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Morgan Stanley increased their price target on Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. 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 issued a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $212.06.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $174.49 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50 day moving average is $175.70. Marsh & McLennan Companies, Inc. has a 1 year low of $164.89 and a 1 year high of $248.00. The company has a market capitalization of $84.47 billion, a PE ratio of 20.70, a P/E/G ratio of 2.38 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. The company had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. Marsh & McLennan Companies’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.87 earnings per share. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend 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.