Bridgefront Capital LLC Acquires Shares of 5,763 Marsh & McLennan Companies, Inc. $MRSH

Bridgefront Capital LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,763 shares of the financial services provider’s stock, valued at approximately $1,161,000.

A number of other large investors have also made changes to their positions in MRSH. Pinnacle Bancorp Inc. purchased a new position in Marsh & McLennan Companies during the third quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. Delos Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at about $32,000. TruNorth Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the third quarter worth about $32,000. Finally, Financial Life Planners purchased a new position in Marsh & McLennan Companies during the third quarter worth about $32,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies 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 value of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MRSH. Citigroup increased their price target on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Evercore decreased their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price on the stock in a research report on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $216.12.

Marsh & McLennan Companies Trading Up 0.8%

Marsh & McLennan Companies stock opened at $172.18 on Friday. The company has a market capitalization of $83.36 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.34 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. Marsh & McLennan Companies, Inc. has a fifty-two week low of $170.37 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.60 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same period in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 42.70%.

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.