Marsh & McLennan Companies, Inc. $MRSH Stock Position Increased by Monte Financial Group LLC

Monte Financial Group LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 46.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,642 shares of the financial services provider’s stock after purchasing an additional 8,141 shares during the period. Monte Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $4,378,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have issued reports on MRSH shares. Cantor Fitzgerald lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Evercore lowered their target price on Marsh & McLennan Companies from $234.00 to $224.00 in a research report on Thursday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Erste Group Bank upgraded shares of Marsh & McLennan Companies to a “strong-buy” rating in a research report on Tuesday, September 8th. Finally, Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $183.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $205.84.

Marsh & McLennan Companies Trading Down 0.4%

MRSH opened at $209.63 on Friday. The stock has a market capitalization of $99.68 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 2.84 and a beta of 0.53. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $214.00. 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 50-day moving average of $183.48.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data 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. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The company had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.48 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Activity at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,215 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total transaction of $243,000.00. Following the transaction, the vice president owned 2,705 shares of the company’s stock, valued at approximately $541,000. The trade was a 30.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total value of $838,800.00. Following the sale, the chief executive officer owned 20,935 shares in the company, valued at $4,187,000. The trade was a 16.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Company 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.