Parvin Asset Management LLC Invests $538,000 in Marsh & McLennan Companies, Inc. $MRSH

Parvin Asset Management LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,230 shares of the financial services provider’s stock, valued at approximately $538,000.

A number of other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $29,000. Solstein Capital LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $25,000. SHP Wealth Management bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $27,000. Finally, Asset Dedication LLC purchased a new stake in Marsh & McLennan Companies in the first quarter worth about $25,000. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total transaction of $141,174.00. Following the sale, the senior vice president owned 16,376 shares in the company, valued at approximately $3,242,448. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd M. Yates sold 12,000 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 12,001 shares in the company, valued at $2,107,975.65. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 36,469 shares of company stock valued at $6,291,345 in the last quarter. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.1%

MRSH opened at $193.58 on Thursday. The firm has a market capitalization of $92.38 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.77 and a beta of 0.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average is $181.58. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $207.82.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company had revenue of $7.28 billion during the quarter. The company’s revenue was up 6.2% on a year-over-year basis. On average, research analysts anticipate 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. Stockholders of record on Thursday, July 23rd were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio is presently 48.41%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Mizuho raised their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. UBS Group raised their target price on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Piper Sandler cut 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 research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $203.50.

Marsh & McLennan Companies Company 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.