Mogy Joel R Investment Counsel Inc. Sells 6,880 Shares of Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Mogy Joel R Investment Counsel cut its stake in Marsh & McLennan by 32.3%, selling 6,880 shares and leaving it with 14,418 shares worth $2.675 million per its latest 13F filing.
• CEO John Q. Doyle sold 16,655 shares on March 4 at an average $183.30 (about $3.05M), a 12.48% reduction in his position; institutional investors own roughly 87.99% of MRSH while insiders hold about 0.38%.
• Marsh & McLennan beat quarterly EPS estimates ($3.29 vs. $3.21) on $7.30B revenue (up 7.6%), announced a $0.90 quarterly dividend (2.1% yield; ex-dividend Apr 9, payable May 15), and carries a consensus analyst rating of "Hold" with a $205.33 target.

Mogy Joel R Investment Counsel Inc. cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 32.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,418 shares of the financial services provider's stock after selling 6,880 shares during the period. Mogy Joel R Investment Counsel Inc.'s holdings in Marsh & McLennan Companies were worth $2,675,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,589,633 shares of the financial services provider's stock valued at $8,643,309,000 after acquiring an additional 387,100 shares in the last quarter. State Street Corp increased its position in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. State Street Corp now owns 21,538,014 shares of the financial services provider's stock valued at $4,340,556,000 after purchasing an additional 96,436 shares during the last quarter. Capital International Investors increased its position in shares of Marsh & McLennan Companies by 1.2% during the 3rd quarter. Capital International Investors now owns 18,590,697 shares of the financial services provider's stock valued at $3,745,889,000 after purchasing an additional 221,033 shares during the last quarter. Capital World Investors increased its position in shares of Marsh & McLennan Companies by 0.5% during the 3rd quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider's stock valued at $3,567,410,000 after purchasing an additional 92,767 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Marsh & McLennan Companies by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider's stock valued at $3,041,386,000 after purchasing an additional 1,260,434 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the firm's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $167.83 on Friday. The business has a 50-day moving average price of $173.42. Marsh & McLennan Companies, Inc. has a fifty-two week low of $164.89 and a fifty-two week high of $235.78. The stock has a market cap of $80.86 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.49 and a beta of 0.75. 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 announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies's quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a $0.90 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 45.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MRSH shares. Barclays decreased their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. Cantor Fitzgerald raised their target price 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. Citigroup raised their target price on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a "neutral" rating in a research report on Tuesday, February 3rd. Bank of America decreased their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating for the company in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $205.33.

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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