11,804 Marsh & McLennan Companies, Inc. $MRSH Shares Purchased by Integrated Advisors Network LLC

Integrated Advisors Network LLC boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 330.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,376 shares of the financial services provider’s stock after buying an additional 11,804 shares during the quarter. Integrated Advisors Network LLC’s holdings in Marsh & McLennan Companies were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $6,583,806,000. Ninety One UK Ltd increased its stake in Marsh & McLennan Companies by 41.8% in the 3rd quarter. Ninety One UK Ltd now owns 5,632,700 shares of the financial services provider’s stock valued at $961,671,000 after purchasing an additional 1,661,178 shares in the last quarter. Deutsche Bank AG purchased a new position in Marsh & McLennan Companies in the 2nd quarter valued at approximately $685,621,000. Arrowstreet Capital Limited Partnership increased its stake in Marsh & McLennan Companies by 25.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,454,586 shares of the financial services provider’s stock valued at $599,198,000 after purchasing an additional 697,541 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Marsh & McLennan Companies during the second quarter worth $575,845,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $215.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group cut their price target on Marsh & McLennan Companies from $197.00 to $191.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Evercore decreased their price objective on shares of Marsh & McLennan Companies from $234.00 to $224.00 in a research report on Thursday, October 8th. Jefferies Financial Group lowered their price objective on shares of Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Finally, 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 report on Friday, October 16th. Two 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $204.42.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company’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 completion of the transaction, the insider owned 16,632 shares of the company’s stock, valued at $3,159,913.68. The trade was a 29.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE MRSH opened at $190.61 on Thursday. The business’s 50-day moving average price is $181.18. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $90.64 billion, a P/E ratio of 22.80, a PEG ratio of 2.65 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $198.49.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.46 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 issued a dividend of $0.99 per share. The ex-dividend date is Thursday, October 1st. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 47.37%.

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.