Sone Capital Management LLC Buys Shares of 65,402 Marsh & McLennan Companies, Inc. $MRSH

Sone Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, Holdings Channel.com reports. The fund purchased 65,402 shares of the financial services provider’s stock, valued at approximately $10,901,000.

Several other large investors also recently added to or reduced their stakes in MRSH. Solstein Capital LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $25,000. Asset Dedication LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. SHP Wealth Management purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Golden State Wealth Management LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $194.61 on Tuesday. The stock has a market capitalization of $92.87 billion, a P/E ratio of 23.79, a PEG ratio of 2.75 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $211.28. The stock has a fifty day simple moving average of $180.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business had revenue of $7.28 billion during the quarter. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.0%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 48.41%.

Insider Activity at Marsh & McLennan Companies

In related news, Director Lloyd M. Yates sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total value of $2,107,800.00. Following the sale, the director directly owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 36,469 shares of company stock valued at $6,291,345. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MRSH shares. Citigroup downgraded Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, July 22nd. Cantor Fitzgerald lifted their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. UBS Group increased their price objective on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Mizuho lifted their target price on Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler lowered their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $203.50.

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.