Dakota Wealth Management Buys 14,575 Shares of Marsh & McLennan Companies, Inc. $MRSH

Dakota Wealth Management raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 524.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,354 shares of the financial services provider’s stock after acquiring an additional 14,575 shares during the period. Dakota Wealth Management’s holdings in Marsh & McLennan Companies were worth $3,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MRSH. State Street Corp grew its position in shares of Marsh & McLennan Companies by 0.4% during the third quarter. State Street Corp now owns 21,538,014 shares of the financial services provider’s stock valued at $4,340,556,000 after purchasing an additional 96,436 shares in the last quarter. Capital International Investors boosted its stake in Marsh & McLennan Companies by 1.2% during the third quarter. Capital International Investors now owns 18,590,697 shares of the financial services provider’s stock valued at $3,745,889,000 after buying an additional 221,033 shares during the last quarter. Capital World Investors grew its holdings in Marsh & McLennan Companies by 0.5% during the 3rd quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider’s stock valued at $3,567,410,000 after buying an additional 92,767 shares in the last quarter. Wellington Management Group LLP increased its stake in Marsh & McLennan Companies by 9.1% in the 3rd quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after acquiring an additional 1,260,434 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Marsh & McLennan Companies by 0.7% during the 3rd quarter. Capital Research Global Investors now owns 9,861,067 shares of the financial services provider’s stock worth $1,987,301,000 after acquiring an additional 68,826 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MRSH. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price for the company in a report on Tuesday, February 17th. Wells Fargo & Company increased their price objective on shares of 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. Morgan Stanley lifted their price objective on shares of 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. Mizuho restated a “neutral” rating and set a $199.00 target price (down from $213.00) on shares of Marsh & McLennan Companies in a research report on Friday, February 27th. Finally, 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 note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $212.06.

Marsh & McLennan Companies Stock Down 2.8%

NYSE MRSH opened at $169.25 on Friday. 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 52 week low of $164.89 and a 52 week high of $248.00. The stock has a market capitalization of $81.94 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. The stock’s fifty day moving average price is $176.34.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders 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 payout ratio is 42.70%.

Insider Activity 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 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. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies 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.