Allspring Global Investments Holdings LLC Cuts Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Allspring Global Investments Holdings LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,443 shares of the financial services provider’s stock after selling 5,243 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Marsh & McLennan Companies were worth $43,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $29,000. Delos Wealth Advisors LLC bought a new position in Marsh & McLennan Companies in the second quarter worth about $32,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $30,000. Finally, Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.1%

Shares of Marsh & McLennan Companies stock opened at $171.96 on Thursday. The company’s 50 day moving average is $176.05. The firm has a market cap of $83.25 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 12-month low of $164.89 and a 12-month high of $248.00. 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 (NYSE:MRSH) last posted 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 net margin of 15.42% and a return on equity of 31.60%. The business had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.52 billion. During the same period in the previous year, the firm posted $1.87 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company 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 dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is presently 42.70%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley boosted 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 reaffirmed a “neutral” rating and issued a $199.00 price target (down from $213.00) on shares of Marsh & McLennan Companies in a report on Friday, February 27th. 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. Barclays dropped their target price on Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $212.06.

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.