Marsh & McLennan Companies, Inc. $MRSH Holdings Boosted by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 25.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,927 shares of the financial services provider’s stock after purchasing an additional 14,447 shares during the quarter. Marsh & McLennan Companies comprises about 1.6% of Kinsale Capital Group Inc.’s holdings, making the stock its 23rd largest position. Kinsale Capital Group Inc.’s holdings in Marsh & McLennan Companies were worth $12,280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DMKC Advisory Services LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $3,852,000. 71 West Capital Partners grew its stake in Marsh & McLennan Companies by 7.6% during the third quarter. 71 West Capital Partners now owns 4,000 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 283 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in Marsh & McLennan Companies by 4.4% during the 3rd quarter. Gryphon Financial Partners LLC now owns 4,989 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 208 shares during the period. Vestor Capital LLC increased its holdings in Marsh & McLennan Companies by 2,105.0% during the 3rd quarter. Vestor Capital LLC now owns 1,067,208 shares of the financial services provider’s stock worth $182,204,000 after acquiring an additional 1,018,808 shares during the period. Finally, AlphaCore Capital LLC lifted its stake in Marsh & McLennan Companies by 42.5% in the 3rd quarter. AlphaCore Capital LLC now owns 8,191 shares of the financial services provider’s stock worth $1,398,000 after purchasing an additional 2,442 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on MRSH shares. Citigroup raised their price target 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. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $215.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Morgan Stanley dropped their price objective 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, October 6th. UBS Group lifted their price objective on Marsh & McLennan Companies from $216.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Finally, The Goldman Sachs Group reduced their target price on Marsh & McLennan Companies from $197.00 to $191.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $205.84.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $204.59 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $214.00. The company has a market capitalization of $97.29 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.84 and a beta of 0.53. 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 company’s 50 day moving average is $184.01.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $2.03 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%. Marsh & McLennan Companies’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.49 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO Dean Klisura sold 4,194 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total value of $838,800.00. Following the transaction, the chief executive officer owned 20,935 shares of the company’s stock, valued at $4,187,000. This represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stacy Mills sold 1,215 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 $243,000.00. Following the completion of the transaction, the vice president directly owned 2,705 shares in the company, valued at approximately $541,000. This represents a 30.99% decrease in their position. The SEC filing for this sale provides additional information. 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. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, now known as Marsh, is a professional services firm focused on risk, strategy and people. Its businesses help organizations assess and manage risk, arrange insurance and reinsurance, and address workforce and organizational challenges.

The company operates through Marsh, an insurance brokerage and risk advisory business; Guy Carpenter, which specializes in reinsurance and related risk services; Mercer, which provides health, wealth and career consulting; and Oliver Wyman, a management consulting firm.