Marsh & McLennan Companies, Inc. $MRSH Stock Holdings Reduced by Kelleher Financial Advisors

Kelleher Financial Advisors reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 64.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,705 shares of the financial services provider’s stock after selling 3,074 shares during the period. Kelleher Financial Advisors’ holdings in Marsh & McLennan Companies were worth $291,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $6,583,806,000. Ninety One UK Ltd raised its stake in Marsh & McLennan Companies by 41.8% during the 3rd quarter. Ninety One UK Ltd now owns 5,632,700 shares of the financial services provider’s stock worth $961,671,000 after buying an additional 1,661,178 shares during the period. Deutsche Bank AG bought a new position in Marsh & McLennan Companies in the second quarter worth approximately $685,621,000. Arrowstreet Capital Limited Partnership grew its stake in Marsh & McLennan Companies by 25.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,454,586 shares of the financial services provider’s stock valued at $599,198,000 after acquiring an additional 697,541 shares during the period. Finally, Bank of America Corp DE acquired a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $575,845,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore decreased their price objective on Marsh & McLennan Companies from $234.00 to $224.00 in a report on Thursday, October 8th. JPMorgan Chase & Co. increased their target price on 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 reduced their price target on shares of Marsh & McLennan Companies from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Jefferies Financial Group decreased their price target on shares of Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Finally, Bank of America lowered their price objective on shares of Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating on the stock in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $205.84.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH opened at $210.62 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $210.95. The company has a market cap of $100.15 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.75 and a beta of 0.53. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50-day simple moving average of $183.16.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data 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 during the quarter. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. Marsh & McLennan Companies’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.48 EPS 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 dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.96 annualized dividend and a dividend yield of 1.9%. Marsh & McLennan Companies’s payout ratio is presently 47.37%.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,215 shares of the company’s stock in a transaction 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 completion of the sale, the vice president owned 2,705 shares in the company, valued at approximately $541,000. This represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 completion of the sale, the chief executive officer directly owned 20,935 shares of the company’s stock, valued at $4,187,000. The trade was a 16.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by insiders.

About Marsh & McLennan Companies

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.