Landscape Capital Management L.L.C. Acquires New Holdings in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Landscape Capital Management initiated a position in Marsh & McLennan Companies, purchasing 9,425 shares worth approximately $1.57 million. Institutional investors collectively own 87.99% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $203.50. Recent targets range from $182 to $212.
• Marsh & McLennan reported quarterly EPS of $2.96, exceeding estimates, while revenue rose 6.2% year over year to $7.28 billion. The company also increased its quarterly dividend to $0.99 per share, a 10% boost from $0.90.

Landscape Capital Management L.L.C. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,425 shares of the financial services provider's stock, valued at approximately $1,571,000.

Other hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC grew its holdings in Marsh & McLennan Companies by 0.8% in 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 in the last quarter. MMA Asset Management LLC raised its stake in Marsh & McLennan Companies by 1.7% during the 4th quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider's stock valued at $757,000 after acquiring an additional 70 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Marsh & McLennan Companies by 5.3% in the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider's stock worth $252,000 after purchasing an additional 73 shares in the last quarter. Clearstead Trust LLC increased its holdings in shares of Marsh & McLennan Companies by 12.6% during the first quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider's stock valued at $116,000 after purchasing an additional 75 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in shares of Marsh & McLennan Companies by 0.9% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 8,883 shares of the financial services provider's stock valued at $1,648,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Morgan Stanley increased their price objective on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Citigroup cut Marsh & McLennan Companies from a "buy" rating to a "neutral" rating and set a $200.00 target price on the stock. in a report on Wednesday, July 22nd. Finally, Piper Sandler decreased their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating for the company in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $203.50.

Marsh & McLennan Companies Stock Up 1.0%

MRSH opened at $192.17 on Friday. 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 market cap of $91.71 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.75 and a beta of 0.59. The stock's fifty day moving average is $179.88. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $212.65.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last announced its earnings results 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 company had revenue of $7.28 billion for the quarter. The firm's revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal 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 issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, July 23rd. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.90. Marsh & McLennan Companies's dividend payout ratio is presently 48.41%.

Insider Activity

In other Marsh & McLennan Companies news, insider Martin South sold 7,100 shares of the firm's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies 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 completion of the transaction, the senior vice president directly owned 16,376 shares in the company, valued at approximately $3,242,448. This trade represents a 4.17% 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. Insiders sold a total of 36,469 shares of company stock valued at $6,291,345 over the last ninety days. Corporate insiders own 0.38% of the company's stock.

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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