Man Group plc acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 253,869 shares of the financial services provider's stock, valued at approximately $42,312,000. Man Group plc owned 0.05% of Marsh & McLennan Companies as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at about $6,583,806,000. State Street Corp acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $4,057,682,000. Capital International Investors bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $3,482,557,000. Capital World Investors acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $3,140,284,000. Finally, Wellington Management Group LLP acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $2,967,927,000. Institutional investors own 87.99% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on MRSH. Mizuho upped their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Marsh & McLennan Companies from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Cantor Fitzgerald boosted their target price on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an "equal weight" rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $203.50.
View Our Latest Stock Report on MRSH
Marsh & McLennan Companies Stock Performance
Shares of Marsh & McLennan Companies stock opened at $193.58 on Thursday. 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 company has a 50-day simple moving average of $181.58. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $207.82. The company has a market capitalization of $92.38 billion, a PE ratio of 23.67, a PEG ratio of 2.77 and a beta of 0.59.
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. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.
Marsh & McLennan Companies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.0%. 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 related news, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 sale, the insider directly owned 16,632 shares of the company's stock, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Paul Beswick sold 713 shares of the 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 36,469 shares of company stock valued at $6,291,345. 0.38% of the stock is owned by insiders.
Marsh & McLennan Companies Profile
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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.
See Also
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).
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