Bull Harbor Capital LLC Makes New $1.83 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Bull Harbor Capital LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,560 shares of the financial services provider’s stock, valued at approximately $1,832,000.

Several other institutional investors have also modified their holdings of the business. Solstein Capital LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $25,000. SHP Wealth Management purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MRSH has been the topic of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Cantor Fitzgerald upped their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $201.94.

Marsh & McLennan Companies Stock Performance

MRSH stock opened at $197.56 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $213.80. The company has a market capitalization of $94.28 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.76 and a beta of 0.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average of $172.40.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. The business had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm’s revenue was up 6.2% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be 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 is Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio is presently 48.41%.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the sale, the insider directly owned 16,632 shares in the company, valued at $3,159,913.68. The trade was a 29.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 35,756 shares of company stock valued at $6,150,171 in the last three months. 0.38% of the stock is currently owned by corporate 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.