Marsh & McLennan Companies, Inc. $MRSH Shares Newly Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,461 shares of the financial services provider’s stock, valued at approximately $1,103,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Marsh & McLennan Companies in the 2nd quarter worth $6,583,806,000. Corient Private Wealth LP acquired a new position in shares of Marsh & McLennan Companies in the second quarter valued at $66,475,000. Deutsche Bank AG acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at $685,621,000. Bank of America Corp DE bought a new position in Marsh & McLennan Companies during the second quarter worth about $575,845,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $532,438,000. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on MRSH shares. Jefferies Financial Group cut their target price on Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $186.00 to $201.00 and gave the company a “market perform” rating in a research report on Monday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, November 4th. Cantor Fitzgerald boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, Mizuho raised their price objective on shares of Marsh & McLennan Companies from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $205.84.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,215 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $243,000.00. Following the completion of the sale, the vice president directly owned 2,705 shares of the company’s stock, valued at $541,000. The trade was a 30.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dean Klisura sold 4,194 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $838,800.00. Following the completion of the transaction, the chief executive officer owned 20,935 shares in the company, valued at $4,187,000. This represents a 16.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

NYSE:MRSH opened at $204.59 on Tuesday. The stock’s fifty day moving average price is $184.01. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $214.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $97.29 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The company had revenue of $6.86 billion during 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% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.49 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 47.37%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now known as Marsh, is a professional services firm focused on risk, strategy and people. Its businesses help organizations assess and manage risk, arrange insurance and reinsurance, and address workforce and organizational challenges.

The company operates through Marsh, an insurance brokerage and risk advisory business; Guy Carpenter, which specializes in reinsurance and related risk services; Mercer, which provides health, wealth and career consulting; and Oliver Wyman, a management consulting firm.