Marsh & McLennan Companies, Inc. $MRSH Stock: Robeco Institutional Asset Management B.V. Grows Holdings

Robeco Institutional Asset Management B.V. increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,107,917 shares of the financial services provider’s stock after purchasing an additional 201,056 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Marsh & McLennan Companies were worth $189,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its holdings in Marsh & McLennan Companies by 5.3% in the 1st quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock worth $252,000 after buying an additional 73 shares during the last quarter. Clearstead Trust LLC raised its holdings in shares of Marsh & McLennan Companies by 12.6% during the first quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 75 shares during the last quarter. Kintegral Advisory LLC lifted its position in shares of Marsh & McLennan Companies by 0.6% in the third quarter. Kintegral Advisory LLC now owns 14,387 shares of the financial services provider’s stock valued at $2,456,000 after acquiring an additional 81 shares in the last quarter. Columbia Bank lifted its position in shares of Marsh & McLennan Companies by 5.1% in the first quarter. Columbia Bank now owns 1,736 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 85 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of Marsh & McLennan Companies by 37.4% in the second quarter. Capital Analysts LLC now owns 312 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 85 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

MRSH opened at $191.40 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $181.14. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $198.49. The stock has a market cap of $91.01 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. The business had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.45 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, October 1st will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, October 1st. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 47.37%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cantor Fitzgerald boosted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Evercore decreased their price objective on Marsh & McLennan Companies from $234.00 to $224.00 in a report on Thursday, October 8th. The Goldman Sachs Group decreased their price objective on Marsh & McLennan Companies from $197.00 to $191.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Bank of America lowered their target price on shares of Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 15th. Finally, Citigroup upped their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $204.42.

Insider Buying and Selling

In other Marsh & McLennan Companies news, insider Martin South sold 7,100 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of the sale, the insider directly owned 16,632 shares in the company, valued at $3,159,913.68. This represents a 29.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd M. Yates sold 12,000 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total value of $2,107,800.00. Following the completion of the sale, the director directly owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,813 shares of company stock worth $3,597,903. 0.38% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.

Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.

Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.