Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC cut its Marsh & McLennan stake by 34.5% in the second quarter, selling 5,991 shares and retaining 11,396 shares worth approximately $1.9 million. Institutional investors collectively own 87.99% of the company.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $203.50. Recent target changes ranged from $182 to $200.
• Marsh & McLennan exceeded quarterly earnings expectations, reporting $2.96 in EPS versus a $2.89 consensus estimate, while revenue rose 6.2% year over year to $7.28 billion. The company also increased its quarterly dividend to $0.99 per share, implying a 2.2% yield.

Integrated Wealth Concepts LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 34.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,396 shares of the financial services provider's stock after selling 5,991 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Marsh & McLennan Companies were worth $1,899,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $25,000. SHP Wealth Management purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $27,000. Asset Dedication LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at $25,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies in the first quarter valued at $28,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler decreased their target price on 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. Citigroup cut Marsh & McLennan Companies from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research note on Wednesday, July 22nd. Erste Group Bank raised Marsh & McLennan Companies to a "strong-buy" rating in a report on Tuesday, September 8th. Wells Fargo & Company lifted their target price 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, Morgan Stanley increased their price target on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $203.50.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Lloyd Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the completion of the sale, the director directly owned 12,001 shares in the company, valued at approximately $2,107,975.65. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Martin South sold 7,100 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 19,813 shares of company stock valued at $3,597,903. Corporate insiders own 0.38% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of MRSH stock opened at $179.70 on Wednesday. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $207.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The business's fifty day simple moving average is $185.98. The firm has a market capitalization of $85.76 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.50 and a beta of 0.58.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.89 by $0.07. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The business's quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were given a dividend of $0.99 per share. The ex-dividend date was Thursday, July 23rd. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 48.41%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, now operating under the name Marsh McLennan, is a global professional services firm that helps organizations manage risk, strategy and people-related challenges. Its businesses serve corporations, governments, institutional investors and other organizations across a broad range of industries and geographies.

The company's principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, which provides reinsurance brokerage and related risk management services; Mercer, which offers consulting in areas such as talent, health, retirement and investments; and Oliver Wyman, a management consulting firm.

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