Princeton Global Asset Management LLC Has $61,000 Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Princeton Global Asset Management LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 96.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331 shares of the financial services provider’s stock after selling 7,899 shares during the period. Princeton Global Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $61,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares in the last quarter. CW Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 4.4% during the 2nd quarter. CW Advisors LLC now owns 12,918 shares of the financial services provider’s stock valued at $2,824,000 after acquiring an additional 548 shares during the last quarter. Cresset Asset Management LLC raised its stake in shares of Marsh & McLennan Companies by 1.4% in the 2nd quarter. Cresset Asset Management LLC now owns 17,392 shares of the financial services provider’s stock valued at $3,803,000 after acquiring an additional 248 shares in the last quarter. Finally, StoneX Group Inc. lifted its holdings in Marsh & McLennan Companies by 10.4% in the 2nd quarter. StoneX Group Inc. now owns 1,368 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MRSH shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Mizuho reaffirmed a “neutral” rating and set a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a report on Friday, February 27th. Evercore dropped their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Barclays lowered their price target on Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $212.06.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the company’s 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 completion of the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Down 0.1%

Shares of Marsh & McLennan Companies stock opened at $174.49 on Monday. The firm has a market capitalization of $84.47 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 1 year low of $164.89 and a 1 year high of $248.00. The business has a fifty day moving average of $175.70. 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 (NYSE:MRSH) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.52 billion. During the same period in the prior year, the firm earned $1.87 EPS. The business’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal 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 dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) 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.