23,508 Marsh & McLennan Companies, Inc. $MRSH Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 1,575.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,000 shares of the financial services provider’s stock after acquiring an additional 23,508 shares during the period. International Assets Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $4,268,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MRSH. Glenview Trust Co raised its holdings in shares of Marsh & McLennan Companies by 3.0% in the 3rd quarter. Glenview Trust Co now owns 94,259 shares of the financial services provider’s stock valued at $16,093,000 after purchasing an additional 2,740 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Marsh & McLennan Companies during the third quarter worth about $4,016,000. Parcion Private Wealth LLC grew its holdings in Marsh & McLennan Companies by 6.4% during the third quarter. Parcion Private Wealth LLC now owns 30,752 shares of the financial services provider’s stock worth $5,250,000 after purchasing an additional 1,853 shares during the period. Soltis Investment Advisors LLC increased its position in Marsh & McLennan Companies by 22.7% during the third quarter. Soltis Investment Advisors LLC now owns 4,443 shares of the financial services provider’s stock worth $759,000 after buying an additional 823 shares during the last quarter. Finally, TOWER TRUST & INVESTMENT Co increased its position in 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 worth $152,000 after buying an additional 63 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MRSH shares. BMO Capital Markets cut their price objective on 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. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $215.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. The Goldman Sachs Group cut their price target on Marsh & McLennan Companies from $197.00 to $191.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Cantor Fitzgerald lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Erste Group Bank raised shares of Marsh & McLennan Companies to a “strong-buy” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $204.42.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Klisura sold 4,194 shares of the 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 $838,800.00. Following the sale, the chief executive officer owned 20,935 shares of the company’s stock, valued at $4,187,000. This represents a 16.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 that occurred on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total value of $243,000.00. Following the sale, the vice president directly owned 2,705 shares in the company, valued at $541,000. This represents a 30.99% decrease in their position. The SEC filing for this sale provides additional information. 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.

Marsh & McLennan Companies Stock Down 0.0%

Shares of Marsh & McLennan Companies stock opened at $200.52 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $202.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.27. The business has a 50-day simple moving average of $182.37. The firm has a market cap of $95.35 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53.

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

Marsh & McLennan Companies Dividend Announcement

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

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.