Marsh & McLennan Companies, Inc. $MRSH Holdings Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 9.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 85,952 shares of the financial services provider’s stock after purchasing an additional 7,149 shares during the period. Rakuten Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $14,648,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the business. AIA Group Ltd purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at approximately $371,000. Third View Private Wealth LLC raised its position in Marsh & McLennan Companies by 0.8% in the 3rd quarter. Third View Private Wealth LLC now owns 32,252 shares of the financial services provider’s stock worth $5,506,000 after purchasing an additional 263 shares during the period. Provenance Wealth Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 7,281.5% during the third quarter. Provenance Wealth Advisors LLC now owns 1,993 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 1,966 shares during the period. TrinityBridge Ltd increased its holdings in Marsh & McLennan Companies by 1.5% during the 3rd quarter. TrinityBridge Ltd now owns 100,520 shares of the financial services provider’s stock valued at $17,162,000 after purchasing an additional 1,456 shares during the period. Finally, Integrity Alliance LLC. lifted its stake in Marsh & McLennan Companies by 8.1% in the third quarter. Integrity Alliance LLC. now owns 6,335 shares of the financial services provider’s stock worth $1,082,000 after acquiring an additional 477 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Stacy Mills sold 1,215 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $243,000.00. Following the completion of the sale, the vice president directly owned 2,705 shares of the company’s stock, valued at approximately $541,000. The trade was a 30.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, CEO Dean Klisura sold 4,194 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $838,800.00. Following the completion of the sale, the chief executive officer directly owned 20,935 shares of the company’s stock, valued at approximately $4,187,000. This trade represents a 16.69% 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. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Performance

NYSE MRSH opened at $210.62 on Thursday. The company has a market cap of $100.15 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.75 and a beta of 0.53. The firm’s 50 day moving average is $183.16. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $210.95. 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 announced its earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.48 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be paid 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 1.9%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 47.37%.

Wall Street Analysts Forecast Growth

MRSH has been the subject of several research reports. Evercore decreased their target price on Marsh & McLennan Companies from $234.00 to $224.00 in a research report on Thursday, October 8th. Erste Group Bank upgraded shares of Marsh & McLennan Companies to a “strong-buy” rating in a report on Tuesday, September 8th. Bank of America lowered their target price on Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $215.00 to $218.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Finally, BMO Capital Markets upgraded shares of Marsh & McLennan Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $204.00 to $230.00 in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $205.84.

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.