22,564 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by DMKC Advisory Services LLC

DMKC Advisory Services LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 3rd quarter, Holdings Channel.com reports. The firm bought 22,564 shares of the financial services provider’s stock, valued at approximately $3,852,000.

Other large investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of Marsh & McLennan Companies by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,612 shares of the financial services provider’s stock worth $1,701,000 after acquiring an additional 53 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 1.9% in the third quarter. Modera Wealth Management LLC now owns 2,938 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 54 shares in the last quarter. Joseph Group Capital Management lifted its position in shares of Marsh & McLennan Companies by 32.2% in the third quarter. Joseph Group Capital Management now owns 226 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 55 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Marsh & McLennan Companies by 37.7% in the third quarter. Pinnacle Bancorp Inc. now owns 219 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 60 shares in the last quarter. Finally, TOWER TRUST & INVESTMENT Co boosted its holdings in Marsh & McLennan Companies by 7.6% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 891 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.1%

NYSE:MRSH opened at $204.59 on Tuesday. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $214.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.27. The firm has a fifty day moving average price of $184.01. The company has a market capitalization of $97.29 billion, a PE ratio of 24.47, a PEG ratio of 2.84 and a beta of 0.53.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. The firm had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.49 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, October 1st. This represents a $3.96 annualized dividend and a dividend yield of 1.9%. Marsh & McLennan Companies’s payout ratio is currently 47.37%.

Insider Activity

In related news, VP Stacy Mills sold 1,215 shares of Marsh & McLennan Companies stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $200.00, for a total transaction of $243,000.00. Following the completion of the transaction, the vice president owned 2,705 shares in the company, valued at approximately $541,000. This trade represents a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dean Klisura sold 4,194 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total value of $838,800.00. Following the transaction, the chief executive officer directly owned 20,935 shares in the company, valued at approximately $4,187,000. This trade represents a 16.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on MRSH. Citigroup raised their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. BMO Capital Markets upgraded shares of Marsh & McLennan Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $204.00 to $230.00 in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $215.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, October 20th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $186.00 to $201.00 and gave the company a “market perform” rating in a research report on Monday, October 19th. Finally, Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $183.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $205.84.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now known as Marsh, is a professional services firm focused on risk, strategy and people. Its businesses help organizations assess and manage risk, arrange insurance and reinsurance, and address workforce and organizational challenges.

The company operates through Marsh, an insurance brokerage and risk advisory business; Guy Carpenter, which specializes in reinsurance and related risk services; Mercer, which provides health, wealth and career consulting; and Oliver Wyman, a management consulting firm.