Kinsale Capital Group Inc. Buys New Shares in Marsh & McLennan Companies, Inc. $MRSH

Kinsale Capital Group Inc. bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 49,490 shares of the financial services provider’s stock, valued at approximately $8,584,000.

Several other institutional investors have also added to or reduced their stakes in MRSH. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $25,000. SHP Wealth Management bought a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $28,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MRSH has been the topic of several analyst reports. Bank of America decreased their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Barclays dropped their price target on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. UBS Group increased their target price on shares of Marsh & McLennan Companies from $203.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $200.81.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $182.20 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $213.80. The firm has a market cap of $88.02 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.74 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion for the quarter. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a $3.96 annualized dividend and a dividend yield of 2.2%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio is currently 45.00%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by insiders.

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.