Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,443 shares of the financial services provider’s stock after selling 5,243 shares during the quarter. 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 and Exchange Commission.

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

Analyst Upgrades and Downgrades

MRSH has been the topic of a number of research reports. Cantor Fitzgerald increased 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. Evercore cut 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. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a research note on Tuesday, February 17th. Weiss Ratings began coverage on Marsh & McLennan Companies in a research note on Thursday, January 29th. They set a “hold (c)” rating for the company. Finally, Mizuho restated a “neutral” rating and set a $199.00 price target (down from $213.00) on shares of Marsh & McLennan Companies in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $212.06.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies 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 transaction, the chief executive officer owned 116,811 shares of the company’s stock, 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 SEC, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

NYSE:MRSH opened at $171.96 on Thursday. Marsh & McLennan Companies, Inc. has a 12 month low of $164.89 and a 12 month high of $248.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $83.25 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.36 and a beta of 0.75. The company has a fifty day simple moving average of $176.05.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results 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 in the previous year, the business earned $1.87 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate 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. Investors of record on Thursday, April 9th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio is 42.70%.

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.