Marsh & McLennan Companies, Inc. $MRSH Shares Sold by CI Investments Inc.

Key Points

• CI Investments cut its stake in Marsh & McLennan by 74.1% in Q3, selling 38,682 shares and ending the period with 13,551 shares worth $2.73M, while other institutions (Vanguard, Rockland Trust, Allstate) made sizable moves and institutional ownership stands at about 87.99%.
• Marsh & McLennan recently beat estimates with $2.12 EPS vs. $1.97 expected and $6.60B revenue (up 8.7% YoY), and the company has solid metrics including a $89.4B market cap, 21.9 P/E and a quarterly dividend of $0.90 (annualized $3.60, 1.9% yield).
• Analyst coverage is mixed but cautious: the consensus rating is Hold with an average price target of $216.18 (current price ~ $184.62), reflecting a range of opinions from Strong Buy to Sell across firms.

CI Investments Inc. decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 74.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,551 shares of the financial services provider's stock after selling 38,682 shares during the period. CI Investments Inc.'s holdings in Marsh & McLennan Companies were worth $2,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rockland Trust Co. lifted its stake in Marsh & McLennan Companies by 801.6% during the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider's stock valued at $2,433,000 after buying an additional 10,734 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider's stock valued at $10,092,108,000 after acquiring an additional 837,117 shares in the last quarter. Navera Investment Management Ltd. grew its position in Marsh & McLennan Companies by 7.0% during the 3rd quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider's stock worth $327,303,000 after purchasing an additional 105,954 shares in the last quarter. Bridges Investment Management Inc. raised its stake in Marsh & McLennan Companies by 4.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider's stock valued at $15,356,000 after purchasing an additional 3,177 shares during the period. Finally, Allstate Corp purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $3,742,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MRSH. Cantor Fitzgerald upped their price target on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Monday, February 2nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $200.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 7th. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 target price for the company in a research report on Tuesday, February 17th. Finally, Morgan Stanley boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an "equal weight" rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $216.18.

Marsh & McLennan Companies Price Performance

MRSH stock opened at $184.62 on Thursday. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 and a 12 month high of $248.00. The company has a market capitalization of $89.38 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. The business had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. Marsh & McLennan Companies's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.87 EPS. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.9%. Marsh & McLennan Companies's dividend payout ratio is currently 42.70%.

Marsh & McLennan Companies Company 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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