Earned Wealth Advisors LLC Buys New Shares in Marsh & McLennan Companies, Inc. $MRSH

Earned Wealth Advisors LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,107 shares of the financial services provider’s stock, valued at approximately $539,000.

A number of other large investors have also made changes to their positions in MRSH. Meeder Asset Management Inc. grew its stake in shares of Marsh & McLennan Companies by 1,867.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,243 shares of the financial services provider’s stock valued at $389,000 after buying an additional 2,129 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in Marsh & McLennan Companies by 6.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 10,701 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 654 shares during the last quarter. Waycross Partners LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $29,889,000. Scarborough Advisors LLC bought a new position in Marsh & McLennan Companies during the first quarter worth $38,000. Finally, Balefire LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter valued at about $347,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

MRSH opened at $181.82 on Tuesday. The firm has a market capitalization of $87.84 billion, a P/E ratio of 22.73, a PEG ratio of 2.74 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $213.80. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 45.00%.

Analysts Set New Price Targets

MRSH has been the subject of a number of recent research reports. Mizuho upped their target price on Marsh & McLennan Companies from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. UBS Group increased their price target on Marsh & McLennan Companies from $203.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Cantor Fitzgerald boosted their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of 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 investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $200.81.

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.