Marsh & McLennan Companies, Inc. $MRSH Stock Position Reduced by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 19.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 21,411 shares of the financial services provider’s stock after selling 5,037 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $3,656,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Solstein Capital LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth about $25,000. SHP Wealth Management bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $26,000. Asset Dedication LLC acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $25,000. Pinnacle Bancorp Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $28,000. Finally, Canton Hathaway LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Lloyd Yates sold 12,000 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the sale, the director directly owned 12,001 shares of the company’s stock, valued at $2,107,975.65. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Martin South sold 7,100 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of the sale, the insider directly owned 16,632 shares of the company’s stock, valued at approximately $3,159,913.68. This represents a 29.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,813 shares of company stock valued at $3,597,903 in the last three months. 0.38% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.6%

NYSE:MRSH opened at $175.70 on Friday. The company has a fifty day moving average of $182.24. The firm has a market cap of $83.84 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.44 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $207.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. The company had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm’s revenue was up 6.2% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, October 1st will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.96 dividend on an annualized basis and a yield of 2.3%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 48.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley decreased their price target on Marsh & McLennan Companies from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday. Jefferies Financial Group cut their price objective on Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Cantor Fitzgerald raised their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, 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 for the company in a report on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $206.40.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through four principal businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.

Marsh is an insurance brokerage and risk adviser that helps clients identify, manage and transfer risk. Guy Carpenter provides reinsurance brokerage and advisory services to insurance companies.