5,037 Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,411 shares of the financial services provider’s stock after selling 5,037 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $6,583,806,000. State Street Corp acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $4,057,682,000. Corient Private Wealth LP bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at $66,475,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $843,311,000. Finally, Deutsche Bank AG bought a new stake in Marsh & McLennan Companies in the second quarter worth $685,621,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MRSH opened at $175.70 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The company has a 50-day simple moving average of $182.24. The firm has a market capitalization of $83.84 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.44 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $207.82.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio is currently 48.41%.

Analysts Set New Price Targets

Several equities analysts have weighed in on MRSH shares. Bank of America cut their target price on Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating on the stock in a report on Wednesday, July 15th. Jefferies Financial Group lowered their price objective on Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $203.00 to $202.00 in a research note on Wednesday, August 26th. Erste Group Bank upgraded Marsh & McLennan Companies to a “strong-buy” rating in a report on Tuesday, September 8th. Finally, Cantor Fitzgerald increased their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $206.40.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, insider Martin South sold 7,100 shares of the firm’s 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. This trade represents a 29.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lloyd M. Yates sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the transaction, the director owned 12,001 shares in the company, valued at approximately $2,107,975.65. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 19,813 shares of company stock worth $3,597,903. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through four principal businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.

Marsh is an insurance brokerage and risk adviser that helps clients identify, manage and transfer risk. Guy Carpenter provides reinsurance brokerage and advisory services to insurance companies.