Wilmington Savings Fund Society FSB Sells 3,384 Shares of Marsh & McLennan Companies, Inc. $MRSH

Wilmington Savings Fund Society FSB reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 33.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,823 shares of the financial services provider’s stock after selling 3,384 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Marsh & McLennan Companies were worth $1,375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at about $29,000. Delos Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies during the second quarter worth about $32,000. TruNorth Capital Management LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. Finally, Financial Life Planners bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MRSH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Morgan Stanley lifted their target price on Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $216.12.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $171.13 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. Marsh & McLennan Companies, Inc. has a one year low of $164.89 and a one year high of $248.00. The company has a market capitalization of $82.85 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.33 and a beta of 0.74. The stock has a fifty day moving average of $178.38.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The business had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter last year, the company earned $1.87 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies’s payout ratio is currently 42.70%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.