Bartlett & CO. Wealth Management LLC Buys New Position in Marsh & McLennan Companies, Inc. $MRSH

Bartlett & CO. Wealth Management LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,166 shares of the financial services provider’s stock, valued at approximately $1,716,000.

Several other institutional investors have also recently added to or reduced their stakes in MRSH. Kera Capital Partners Inc. acquired a new stake in Marsh & McLennan Companies in the first quarter worth $251,000. Cornerstone Planning Group LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter valued at about $62,000. Gryphon Financial Partners LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $712,000. Modera Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $444,000. Finally, Advisortrust Partners LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at about $465,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $18,889,506.81. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MRSH. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Wednesday, May 6th. Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Mizuho lifted their price target on shares of Marsh & McLennan Companies from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Cantor Fitzgerald boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $200.81.

Marsh & McLennan Companies Trading Up 0.0%

MRSH stock opened at $182.20 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $88.02 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.74 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $213.80.

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

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, July 23rd. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s payout ratio is currently 45.00%.

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.