Culbertson A N & Co. Inc. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 159.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,005 shares of the financial services provider’s stock after purchasing an additional 4,302 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Marsh & McLennan Companies were worth $1,196,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Marsh & McLennan Companies during the 2nd quarter worth about $6,583,806,000. Ninety One UK Ltd grew its holdings in Marsh & McLennan Companies by 41.8% during the 3rd quarter. Ninety One UK Ltd now owns 5,632,700 shares of the financial services provider’s stock worth $961,671,000 after acquiring an additional 1,661,178 shares during the last quarter. Deutsche Bank AG acquired a new stake in Marsh & McLennan Companies in the 2nd quarter valued at about $685,621,000. Arrowstreet Capital Limited Partnership increased its position in Marsh & McLennan Companies by 25.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,454,586 shares of the financial services provider’s stock valued at $599,198,000 after acquiring an additional 697,541 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Marsh & McLennan Companies in the second quarter worth about $575,845,000. Institutional investors own 87.99% of the company’s stock.
Analyst Upgrades and Downgrades
MRSH has been the topic of a number of research reports. Mizuho upped their target price on shares of Marsh & McLennan Companies from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday. Jefferies Financial Group lowered their price target on shares of Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Bank of America dropped their price objective on shares of Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings raised Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, BMO Capital Markets decreased their price objective on Marsh & McLennan Companies from $203.00 to $179.00 and set a “market perform” rating on the stock in a research report on Thursday, October 1st. Two 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 company’s stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $204.42.
View Our Latest Stock Report on MRSH
Marsh & McLennan Companies Price Performance
Shares of NYSE:MRSH opened at $199.24 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $94.74 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 2.63 and a beta of 0.59. The business’s 50 day simple moving average is $181.40. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $199.59.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last announced its quarterly earnings data 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. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.46 earnings per share for the current year.
Marsh & McLennan Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is 47.37%.
Insider Buying and Selling at Marsh & McLennan Companies
In other news, insider Martin South sold 7,100 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the transaction, the insider directly owned 16,632 shares in the company, valued at $3,159,913.68. This trade represents a 29.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Beswick sold 713 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the sale, the senior vice president owned 16,376 shares of the company’s stock, valued at $3,242,448. This represents a 4.17% 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. 0.38% of the stock is owned by company insiders.
About Marsh & McLennan Companies
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.
Featured Articles
- Five stocks we like better than Marsh & McLennan Companies
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Want to see what other hedge funds are holding MRSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report).
Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.
