Fulton Breakefield Broenniman LLC Reduces Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Fulton Breakefield Broenniman LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 69.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,713 shares of the financial services provider’s stock after selling 6,119 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Marsh & McLennan Companies were worth $503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the second quarter worth approximately $29,000. Delos Wealth Advisors LLC bought a new position in Marsh & McLennan Companies in the second quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $30,000. Finally, Financial Life Planners bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

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 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 completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MRSH shares. Evercore decreased their price objective on shares of 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. Weiss Ratings started coverage on shares of Marsh & McLennan Companies in a research report on Thursday, January 29th. They set a “hold (c)” rating on the stock. Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday. Mizuho restated a “neutral” rating and set a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a research report on Friday, February 27th. Finally, Raymond James Financial upgraded shares of 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 report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $211.75.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH opened at $174.98 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $84.71 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.38 and a beta of 0.75. The company has a fifty day moving average of $175.26. Marsh & McLennan Companies, Inc. has a 52-week low of $164.89 and a 52-week high of $239.34.

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, beating analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. Marsh & McLennan Companies’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 EPS. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 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.