Vancity Investment Management Ltd Cuts Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Vancity Investment Management Ltd lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 72,512 shares of the financial services provider’s stock after selling 3,338 shares during the period. Marsh & McLennan Companies makes up about 1.8% of Vancity Investment Management Ltd’s holdings, making the stock its 22nd biggest holding. Vancity Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $12,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $25,000. Asset Dedication LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $25,000. SHP Wealth Management acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $27,000. Finally, Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $27,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, insider Martin South sold 7,100 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 16,632 shares of the company’s stock, valued at $3,159,913.68. This trade represents a 29.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Yates sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the completion of the sale, the director owned 12,001 shares in the company, valued at approximately $2,107,975.65. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,813 shares of company stock valued at $3,597,903 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MRSH opened at $185.80 on Monday. The firm has a market capitalization of $88.67 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $207.82. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50-day simple moving average of $185.10.

Marsh & McLennan Companies (NYSE:MRSHGet Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating 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 firm had revenue of $7.28 billion during the quarter. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.44 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were paid a dividend of $0.99 per share. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s payout ratio is currently 48.41%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler reduced their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. UBS Group raised their target price on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Citigroup cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, July 22nd. Morgan Stanley raised their price objective on Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Finally, Cantor Fitzgerald boosted their price objective on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $203.50.

Get Our Latest Stock Report on MRSH

Marsh & McLennan Companies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MRSH)

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