Vestor Capital LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 2,105.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,067,208 shares of the financial services provider’s stock after acquiring an additional 1,018,808 shares during the quarter. Marsh & McLennan Companies comprises approximately 5.1% of Vestor Capital LLC’s portfolio, making the stock its 5th biggest holding. Vestor Capital LLC’s holdings in Marsh & McLennan Companies were worth $182,204,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Marsh & McLennan Companies in the second quarter valued at approximately $6,583,806,000. Ninety One UK Ltd increased its stake in Marsh & McLennan Companies by 41.8% during the third 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 during the second quarter worth $685,621,000. Arrowstreet Capital Limited Partnership raised its position in Marsh & McLennan Companies by 25.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,454,586 shares of the financial services provider’s stock valued at $599,198,000 after purchasing an additional 697,541 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Marsh & McLennan Companies in the second quarter valued at $575,845,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on MRSH shares. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $183.00 to $197.00 and gave the stock an “equal weight” rating in a report on Friday, October 16th. Bank of America cut their price objective on 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 restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Wednesday, November 4th. The Goldman Sachs Group decreased their target price on shares of Marsh & McLennan Companies from $197.00 to $191.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Finally, Citigroup increased their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $205.84.
Get Our Latest Analysis on Marsh & McLennan Companies
Insider Activity
In related news, CEO Dean Klisura sold 4,194 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $838,800.00. Following the sale, the chief executive officer directly owned 20,935 shares of the company’s stock, valued at $4,187,000. This represents a 16.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $243,000.00. Following the sale, the vice president owned 2,705 shares in the company, valued at approximately $541,000. This trade represents a 30.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.38% of the stock is currently owned by corporate insiders.
Marsh & McLennan Companies Stock Down 0.1%
NYSE:MRSH opened at $204.59 on Tuesday. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $214.00. The stock’s fifty day moving average price is $184.01. The firm has a market capitalization of $97.29 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.27.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $6.86 billion during the quarter. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.49 EPS for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio is currently 47.37%.
Marsh & McLennan Companies Profile
Marsh & McLennan Companies, now known as Marsh, is a professional services firm focused on risk, strategy and people. Its businesses help organizations assess and manage risk, arrange insurance and reinsurance, and address workforce and organizational challenges.
The company operates through Marsh, an insurance brokerage and risk advisory business; Guy Carpenter, which specializes in reinsurance and related risk services; Mercer, which provides health, wealth and career consulting; and Oliver Wyman, a management consulting firm.
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