Citizens Financial Group Inc. RI Takes $1.81 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Citizens Financial Group Inc. RI purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 2nd quarter, HoldingsChannel reports. The fund purchased 10,874 shares of the financial services provider’s stock, valued at approximately $1,812,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings 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 acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC increased its stake in Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 869 shares during the last quarter. Glenview Trust co raised its position in Marsh & McLennan Companies by 10.8% during the second quarter. Glenview Trust co now owns 3,897 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 379 shares in the last quarter. Osterweis Capital Management Inc. lifted its stake in Marsh & McLennan Companies by 18,440.0% during the second quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 922 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth about $1,307,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction on Thursday, July 23rd. The shares were 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 in the company, valued at $2,107,975.65. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Paul Beswick sold 713 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total transaction of $141,174.00. Following the completion of the transaction, the senior vice president owned 16,376 shares of the company’s stock, valued at $3,242,448. This trade represents a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 36,469 shares of company stock worth $6,291,345. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Price Performance

MRSH opened at $184.41 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average is $178.11. The company has a market cap of $88.00 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.69 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $213.80.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. The business had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. Marsh & McLennan Companies’s revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were issued a dividend of $0.99 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio is currently 48.41%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler decreased their price objective on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. UBS Group increased their price target on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Citigroup lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, July 22nd. Cantor Fitzgerald upped their price objective on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $201.94.

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.