First National Bank of Mount Dora Trust Investment Services Invests $3.74 Million in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• First National Bank of Mount Dora Trust Investment Services bought 22,435 shares of Marsh & McLennan Companies worth approximately $3.74 million, while institutional investors collectively own 87.99% of the stock.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $201.94. Recent targets range from $174 to $216.
• Marsh & McLennan beat quarterly earnings expectations with $2.96 in EPS and $7.28 billion in revenue, while increasing its quarterly dividend from $0.90 to $0.99 per share.

First National Bank of Mount Dora Trust Investment Services purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,435 shares of the financial services provider's stock, valued at approximately $3,739,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PFG Investments LLC raised its position in shares of Marsh & McLennan Companies by 3.3% in the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider's stock valued at $326,000 after purchasing an additional 56 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 0.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider's stock worth $1,823,000 after buying an additional 69 shares during the period. MMA Asset Management LLC grew its stake in Marsh & McLennan Companies by 1.7% in the 4th quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider's stock valued at $757,000 after buying an additional 70 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in Marsh & McLennan Companies by 5.2% in the 4th quarter. Clear Creek Financial Management LLC now owns 1,449 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 72 shares during the period. Finally, Continuum Advisory LLC lifted its position in Marsh & McLennan Companies by 5.3% during the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider's stock worth $252,000 after acquiring an additional 73 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MRSH. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. UBS Group lifted their price target on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an "equal weight" rating in a report on Wednesday, July 22nd. Bank of America lowered their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 14th. Finally, Piper Sandler reduced their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating for the company in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus target price of $201.94.

Insider Activity

In other news, Director Lloyd M. Yates sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total value of $2,107,800.00. Following the completion of the transaction, the director directly owned 12,001 shares in the company, valued at approximately $2,107,975.65. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 713 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total transaction of $141,174.00. Following the sale, the senior vice president owned 16,376 shares in the company, valued at $3,242,448. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 36,469 shares of company stock worth $6,291,345. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Down 1.0%

Shares of MRSH stock opened at $191.31 on Friday. The company has a market capitalization of $91.30 billion, a PE ratio of 23.39, a P/E/G ratio of 2.75 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $213.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. The company has a 50 day moving average of $175.15.

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 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.07. The firm had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business's revenue was up 6.2% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, July 23rd. Marsh & McLennan Companies's payout ratio is presently 48.41%.

About Marsh & McLennan Companies

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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