Royal London Asset Management Ltd. trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,543 shares of the financial services provider’s stock after selling 4,947 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Marsh & McLennan Companies were worth $35,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Solstein Capital LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $25,000. Asset Dedication LLC bought a new position in Marsh & McLennan Companies during the 1st quarter valued at approximately $25,000. SHP Wealth Management purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Institutional investors own 87.99% of the company’s stock.
Insider Buying and Selling at Marsh & McLennan Companies
In related news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the sale, the chief executive officer owned 116,811 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the transaction, the insider directly owned 16,632 shares of the company’s stock, valued at $3,159,913.68. This represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 36,469 shares of company stock valued at $6,291,345. Insiders own 0.38% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on MRSH
Marsh & McLennan Companies Stock Up 1.5%
NYSE MRSH opened at $192.90 on Friday. The company has a market capitalization of $92.05 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.67 and a beta of 0.59. The company’s 50 day moving average price is $182.75. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $207.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business had revenue of $7.28 billion during the quarter. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current year.
Marsh & McLennan Companies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 48.41%.
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.
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