Marsh & McLennan Companies, Inc. $MRSH Stock Sold by SVB Wealth LLC

SVB Wealth LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,716 shares of the financial services provider’s stock after selling 2,753 shares during the quarter. SVB Wealth LLC’s holdings in Marsh & McLennan Companies were worth $2,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its holdings in Marsh & McLennan Companies by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,612 shares of the financial services provider’s stock worth $1,701,000 after purchasing an additional 53 shares in the last quarter. Modera Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 1.9% during the 3rd quarter. Modera Wealth Management LLC now owns 2,938 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 54 shares in the last quarter. Joseph Group Capital Management boosted its stake in shares of Marsh & McLennan Companies by 32.2% during the 3rd quarter. Joseph Group Capital Management now owns 226 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 55 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Marsh & McLennan Companies by 37.7% during the third quarter. Pinnacle Bancorp Inc. now owns 219 shares of the financial services provider’s stock valued at $37,000 after buying an additional 60 shares during the period. Finally, TOWER TRUST & INVESTMENT Co increased its position in shares of Marsh & McLennan Companies by 7.6% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 891 shares of the financial services provider’s stock valued at $152,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MRSH shares. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $186.00 to $201.00 and gave the stock a “market perform” rating in a report on Monday, October 19th. Erste Group Bank raised shares of Marsh & McLennan Companies to a “strong-buy” rating in a research report on Tuesday, September 8th. Jefferies Financial Group cut their price objective on shares of Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $215.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Finally, Citigroup upped their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $205.84.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $205.69 on Friday. The company has a market cap of $97.81 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The stock has a 50-day moving average price of $185.11. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $214.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.27.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $6.86 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.49 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, October 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio is presently 47.37%.

Insider Buying and Selling

In related news, CEO Dean Klisura sold 4,194 shares of the company’s stock in a transaction that occurred 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 directly owned 20,935 shares of the company’s stock, valued at approximately $4,187,000. This represents a 16.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 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. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Company 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.