Marsh & McLennan Companies, Inc. $MRSH Stock: Integrated Advisors Network LLC Grows Holdings

Integrated Advisors Network LLC lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 330.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,376 shares of the financial services provider’s stock after buying an additional 11,804 shares during the period. Integrated Advisors Network LLC’s holdings in Marsh & McLennan Companies were worth $2,625,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms recently commented on MRSH. The Goldman Sachs Group cut their price target on shares of Marsh & McLennan Companies from $197.00 to $191.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $216.00 to $222.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Bank of America dropped their price objective on shares of Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating for the company in a research report on Wednesday, July 15th. Citigroup raised their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Finally, Mizuho lifted their target price on shares of Marsh & McLennan Companies from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $204.42.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the sale, the senior vice president owned 16,376 shares of the company’s stock, valued at $3,242,448. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the completion of the transaction, the insider owned 16,632 shares in the company, valued at $3,159,913.68. This represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $190.61 on Thursday. The firm has a market cap of $90.64 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.65 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $198.49. The business’s 50 day moving average is $181.18. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.27.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. The company had revenue of $6.86 billion for the quarter. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 10.46 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Marsh & McLennan Companies Profile

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.