TrinityBridge Ltd Makes New $16.50 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• TrinityBridge Ltd. acquired 99,064 shares of Marsh & McLennan Companies in the second quarter, valued at approximately $16.5 million. Institutional investors and hedge funds collectively own 87.99% of the company.
• 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 raised its quarterly dividend to $0.99 per share, equating to a $3.96 annualized payout and a 2.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.50.

TrinityBridge Ltd purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,064 shares of the financial services provider's stock, valued at approximately $16,501,000.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $6,583,806,000. State Street Corp acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $4,057,682,000. Capital International Investors purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth about $3,482,557,000. Capital World Investors acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at about $3,140,284,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $2,967,927,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the transaction, the insider owned 16,632 shares in the company, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Q. Doyle sold 16,656 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 36,469 shares of company stock worth $6,291,345. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Trading Up 0.6%

MRSH stock opened at $190.26 on Friday. The stock has a market capitalization of $90.79 billion, a P/E ratio of 23.26, a PEG ratio of 2.71 and a beta of 0.59. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The firm's 50-day moving average price is $179.41. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $212.65.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The company had revenue of $7.28 billion for the quarter. The business's revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were paid a dividend of $0.99 per share. 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 2.1%. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies's payout ratio is presently 48.41%.

Wall Street Analyst Weigh In

MRSH has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 22nd. Morgan Stanley increased their target price on Marsh & McLennan Companies from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Cantor Fitzgerald lifted their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Mizuho upped their price objective on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Finally, UBS Group raised their target price on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $203.50.

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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