Tidal Investments LLC Lowers Stake in Marsh & McLennan Companies, Inc. $MRSH

Tidal Investments LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 8.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 152,428 shares of the financial services provider’s stock after selling 14,143 shares during the quarter. Tidal Investments LLC’s holdings in Marsh & McLennan Companies were worth $25,405,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bison Wealth LLC boosted its stake in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares during the last quarter. Glenview Trust co raised its holdings in shares of Marsh & McLennan Companies by 10.8% during the 2nd quarter. Glenview Trust co now owns 3,897 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 379 shares during the period. Osterweis Capital Management Inc. boosted its position in shares of Marsh & McLennan Companies by 18,440.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 922 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at about $1,307,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MRSH has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Cantor Fitzgerald lifted their price target on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Mizuho lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $203.50.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Lloyd Yates sold 12,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total value of $2,107,800.00. Following the sale, the director owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction dated 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,813 shares of company stock worth $3,597,903 in the last quarter. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Up 0.1%

Shares of MRSH opened at $177.08 on Friday. The stock has a market cap of $84.50 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.45 and a beta of 0.58. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $207.82. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day simple moving average is $185.85.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies’s revenue was up 6.2% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s payout ratio is presently 48.41%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that helps organizations manage risk, strategy and people-related challenges. Its businesses serve corporations, governments, institutional investors and other organizations across a broad range of industries and geographies.

The company’s principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, which provides reinsurance brokerage and related risk management services; Mercer, which offers consulting in areas such as talent, health, retirement and investments; and Oliver Wyman, a management consulting firm.