CSM Advisors LLC Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

CSM Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,864 shares of the financial services provider’s stock, valued at approximately $1,180,000.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $29,000. Delos Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $32,000. TruNorth Capital Management LLC bought a new position in Marsh & McLennan Companies during the 3rd quarter worth about $32,000. Finally, Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.0%

MRSH stock opened at $173.70 on Tuesday. Marsh & McLennan Companies, Inc. has a twelve month low of $170.37 and a twelve month high of $248.00. The company has a market capitalization of $84.09 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. 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 50 day moving average of $179.40.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $1.87 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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 $0.90 dividend. The ex-dividend date 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 currently 42.70%.

Wall Street Analyst Weigh In

MRSH has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Morgan Stanley upped their price target on Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Mizuho reaffirmed a “neutral” rating and set a $199.00 price target (down from $213.00) on shares of Marsh & McLennan Companies in a research note on Friday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Finally, Weiss Ratings began coverage on shares of Marsh & McLennan Companies in a research report on Thursday, January 29th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $216.12.

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.