2,740 Marsh & McLennan Companies, Inc. $MRSH Shares Purchased by Glenview Trust Co

Glenview Trust Co lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 3.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,259 shares of the financial services provider’s stock after purchasing an additional 2,740 shares during the period. Glenview Trust Co’s holdings in Marsh & McLennan Companies were worth $16,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Dedication LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter worth $25,000. EFG International AG purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth $30,000. Bell Investment Advisors Inc bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $31,000. Trifecta Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $34,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the second quarter valued at $37,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.8%

Shares of NYSE:MRSH opened at $200.52 on Friday. The stock has a market cap of $95.35 billion, a P/E ratio of 18.94, a PEG ratio of 2.66 and a beta of 0.59. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.09 and a quick ratio of 1.09. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $202.70. The firm has a fifty day moving average of $182.37.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The firm had revenue of $6.86 billion during the quarter. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts predict that Marsh & McLennan Companies, Inc. will post 10.48 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be issued a $0.99 dividend. The ex-dividend date is Thursday, October 1st. This represents a $3.96 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s payout ratio is currently 47.37%.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Klisura sold 4,194 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 transaction, the chief executive officer owned 20,935 shares of the company’s stock, valued at $4,187,000. The trade was a 16.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stacy Mills sold 1,215 shares of the business’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 transaction of $243,000.00. Following the transaction, the vice president owned 2,705 shares of the company’s stock, valued at approximately $541,000. This trade represents a 30.99% decrease in their position. 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. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Mizuho lifted their price objective on Marsh & McLennan Companies from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, October 19th. Cantor Fitzgerald increased their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. 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 report on Tuesday, October 20th. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $186.00 to $201.00 and gave the company a “market perform” rating in a report on Monday, October 19th. Finally, BMO Capital Markets lowered their price target on shares of Marsh & McLennan Companies from $203.00 to $179.00 and set a “market perform” rating for the company in a research report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $204.42.

Marsh & McLennan Companies Profile

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.