Dimensional Fund Advisors LP Raises Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Dimensional Fund Advisors LP grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,023,475 shares of the financial services provider’s stock after acquiring an additional 3,019 shares during the quarter. Dimensional Fund Advisors LP owned about 0.41% of Marsh & McLennan Companies worth $407,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRSH. Pinnacle Bancorp Inc. purchased a new stake in Marsh & McLennan Companies in the third quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth $29,000. Westside Investment Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the period. Delos Wealth Advisors LLC bought a new position in Marsh & McLennan Companies in the second quarter valued at about $32,000. Finally, TruNorth Capital Management LLC purchased a new position in Marsh & McLennan Companies in the third quarter worth about $32,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRSH. Wells Fargo & Company upped their price target 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. JPMorgan Chase & Co. reduced their target price 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. Evercore dropped their price target on shares of 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. Weiss Ratings began coverage on Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a “hold (c)” rating on the stock. Finally, Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $216.18.

Marsh & McLennan Companies Trading Down 0.1%

Shares of MRSH stock opened at $184.62 on Thursday. 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 firm has a market capitalization of $89.38 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 52-week low of $170.37 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 31.60% and a net margin of 15.42%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.