Capital International Inc. CA Increases Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Capital International Inc. CA increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 20.7% during the third quarter, HoldingsChannel reports. The firm owned 667,621 shares of the financial services provider’s stock after buying an additional 114,547 shares during the period. Marsh & McLennan Companies comprises 1.1% of Capital International Inc. CA’s portfolio, making the stock its 22nd biggest holding. Capital International Inc. CA’s holdings in Marsh & McLennan Companies were worth $134,546,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hanson & Doremus Investment Management lifted its holdings in Marsh & McLennan Companies by 31.3% in the third quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 51 shares during the period. D.A. Davidson & CO. lifted its holdings in Marsh & McLennan Companies by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 54 shares in the last quarter. Bank of Nova Scotia Trust Co. lifted its stake in shares of Marsh & McLennan Companies by 6.7% during the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 949 shares of the financial services provider’s stock valued at $207,000 after buying an additional 60 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in shares of Marsh & McLennan Companies by 1.8% in the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock worth $736,000 after acquiring an additional 63 shares during the period. Finally, Procyon Advisors LLC lifted its holdings in Marsh & McLennan Companies by 3.0% in the 3rd quarter. Procyon Advisors LLC now owns 2,223 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 64 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MRSH shares. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. decreased their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Weiss Ratings started coverage on Marsh & McLennan Companies in a research report on Thursday, January 29th. They set a “hold (c)” rating for the company. Finally, Barclays increased their price objective on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $216.18.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was 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 in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.0%

Shares of MRSH opened at $179.92 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 and a 12 month high of $248.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The firm has a market cap of $87.10 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.49 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same period last year, the business posted $1.87 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is 42.70%.

About Marsh & McLennan Companies

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.