FORA Capital LLC Has $2.31 Million Stock Position in Marsh & McLennan Companies, Inc. $MRSH

FORA Capital LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 552.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,447 shares of the financial services provider’s stock after acquiring an additional 9,693 shares during the quarter. FORA Capital LLC’s holdings in Marsh & McLennan Companies were worth $2,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Delos Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter worth $32,000. TruNorth Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $32,000. Finally, Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $32,000. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MRSH shares. 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. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Weiss Ratings initiated coverage on Marsh & McLennan Companies in a research note on Thursday, January 29th. They issued a “hold (c)” rating for the company. JPMorgan Chase & Co. cut their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald boosted their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $216.12.

Marsh & McLennan Companies Trading Up 0.8%

NYSE MRSH opened at $172.18 on Friday. The stock has a market capitalization of $83.36 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.33 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data 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 return on equity of 31.60% and a net margin of 15.42%.The company had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.52 billion. During the same period last year, the company earned $1.87 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is currently 42.70%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at $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 available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

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.