Marsh & McLennan Companies, Inc. $MRSH Shares Sold by M&T Bank Corp

Key Points

• M&T Bank Corp reduced its stake in Marsh & McLennan by 56.0%, selling 17,183 shares and leaving 13,482 shares valued at about $2.50 million at quarter-end.
• CEO John Q. Doyle sold 16,655 shares for roughly $3.05 million on March 4, cutting his ownership by about 12.48% and leaving him with 116,811 shares.
• Marsh & McLennan reported quarterly EPS of $3.29 (beats $3.21) on $7.30 billion revenue, and declared a quarterly dividend of $0.90 per share (annualized yield ~2.1%).

M&T Bank Corp reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 56.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,482 shares of the financial services provider's stock after selling 17,183 shares during the quarter. M&T Bank Corp's holdings in Marsh & McLennan Companies were worth $2,501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies in the third quarter valued at $25,000. City Holding Co. acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $29,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies in the third quarter valued at $30,000. Finally, TruNorth Capital Management LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at $32,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.1%

MRSH stock opened at $170.31 on Tuesday. The stock has a market capitalization of $82.06 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.48 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 52 week low of $164.89 and a 52 week high of $235.78. The business's 50-day moving average is $173.87. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping analysts' consensus estimates of $3.21 by $0.08. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies's payout ratio is presently 45.00%.

Analyst Upgrades and Downgrades

MRSH has been the topic of a number of recent research reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $200.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Evercore dropped their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an "outperform" rating on the stock in a research note 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 price objective on the stock in a research note on Tuesday, February 17th. Finally, Cantor Fitzgerald lifted their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and an average target price of $205.33.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.38% of the company's stock.

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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