JB Capital LLC Acquires 6,672 Shares of Marsh & McLennan Companies, Inc. $MRSH

JB Capital LLC lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 32.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,414 shares of the financial services provider’s stock after purchasing an additional 6,672 shares during the period. JB Capital LLC’s holdings in Marsh & McLennan Companies were worth $5,086,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management grew its holdings in Marsh & McLennan Companies by 31.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 51 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Marsh & McLennan Companies by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock worth $910,000 after acquiring an additional 54 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 56 shares in the last quarter. Lindenwold Advisors INC grew its stake in shares of Marsh & McLennan Companies by 0.4% during the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock valued at $3,022,000 after purchasing an additional 62 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its holdings in shares of Marsh & McLennan Companies by 1.8% in the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 63 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MRSH opened at $174.49 on Friday. The stock’s fifty day simple moving average is $175.70. The firm has a market cap of $84.47 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.38 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 52 week low of $164.89 and a 52 week high of $248.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same period last year, the company earned $1.87 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.90 per share. 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 42.70%.

Analysts Set New Price Targets

MRSH has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Citigroup lifted their target price on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd. Barclays decreased their price target on Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Finally, Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $212.06.

About Marsh & McLennan Companies

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.