Tidal Investments LLC Trims Stake in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Tidal Investments cut its Marsh & McLennan stake by 8.5% in the second quarter, selling 14,143 shares and retaining 152,428 shares valued at approximately $25.4 million. Institutional investors collectively own 87.99% of the company.
• Analysts’ consensus rating is “Hold”, with an average price target of $203.50; individual targets range from $182 to $218. The company recently exceeded quarterly EPS expectations, reporting $2.96 versus the $2.89 consensus.
• Marsh & McLennan raised its quarterly dividend to $0.99 per share, equivalent to a $3.96 annualized payout and a 2.2% yield. Insiders sold 19,813 shares worth about $3.6 million over the prior three months.

Tidal Investments LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,428 shares of the financial services provider's stock after selling 14,143 shares during the quarter. Tidal Investments LLC's holdings in Marsh & McLennan Companies were worth $25,405,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MRSH. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth about $25,000. Asset Dedication LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $25,000. SHP Wealth Management purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Finally, Golden State Wealth Management LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Wall Street Analyst Weigh In

MRSH has been the subject of a number of analyst reports. Morgan Stanley upped their target price on Marsh & McLennan Companies from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Cantor Fitzgerald upped their price objective on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Weiss Ratings upgraded shares of Marsh & McLennan Companies from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Finally, Piper Sandler cut their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $203.50.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the sale, the senior vice president directly owned 16,376 shares of the company's stock, valued at approximately $3,242,448. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total value of $2,107,800.00. Following the transaction, the director owned 12,001 shares of the company's stock, valued at $2,107,975.65. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 19,813 shares of company stock worth $3,597,903 over the last three months. Company insiders own 0.38% of the company's stock.

Marsh & McLennan Companies Stock Up 0.1%

Marsh & McLennan Companies stock opened at $177.08 on Friday. The business's 50-day moving average price is $185.85. The firm has a market capitalization of $84.50 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $207.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 2.2%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, July 23rd. Marsh & McLennan Companies's dividend payout ratio is 48.41%.

About Marsh & McLennan Companies

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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