Marsh & McLennan Companies, Inc. $MRSH Shares Sold by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 79.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,281 shares of the financial services provider’s stock after selling 4,872 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Marsh & McLennan Companies were worth $238,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $25,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at approximately $30,000. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $32,000. Finally, City Holding Co. acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MRSH. Raymond James Financial upgraded 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. JPMorgan Chase & Co. lowered their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Morgan Stanley reduced their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Citigroup raised their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Mizuho dropped their price objective on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $205.33.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MRSH opened at $166.38 on Friday. The company’s 50-day moving average is $173.42. The stock has a market cap of $80.16 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.42 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a one year low of $164.89 and a one year high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company had revenue of $7.30 billion during the quarter. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies’s payout ratio is 45.00%.

Insiders Place Their Bets

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by insiders.

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.