Capital World Investors Grows Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Capital World Investors raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,702,898 shares of the financial services provider’s stock after buying an additional 92,767 shares during the period. Capital World Investors’ holdings in Marsh & McLennan Companies were worth $3,567,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRSH. Pinnacle Bancorp Inc. bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the second quarter worth about $29,000. Delos Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $32,000. TruNorth Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $32,000. Finally, Hanson & Doremus Investment Management lifted its holdings in shares of Marsh & McLennan Companies by 31.3% during the third quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 51 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MRSH. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price on the stock in a research note on Tuesday, February 17th. Evercore cut their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research note on Wednesday, January 7th. Morgan Stanley boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Cantor Fitzgerald raised their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings initiated coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They set a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $216.18.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Down 0.0%

Shares of NYSE MRSH opened at $179.92 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. Marsh & McLennan Companies, Inc. has a 1 year low of $170.37 and a 1 year high of $248.00. The stock has a market cap of $87.10 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 2.49 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is presently 42.70%.

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.