Truist Financial Corp Has $53.11 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Truist Financial cut its stake in Marsh & McLennan by 15.4%, selling 52,156 shares and now holding 286,260 shares worth $53.11 million (about 0.06% of MRSH), while institutional investors collectively own roughly 87.99% of the stock.
• Wall Street sentiment is mixed: MarketBeat's consensus rating is Hold with a consensus target of $205.33, after several analysts trimmed targets (Wells Fargo to $178, BofA to $174) even as some firms maintain Buy/Strong-Buy views.
• Marsh & McLennan beat quarterly EPS estimates ($3.29 vs. $3.21) with revenue up 7.6% to $7.30B, and announced a $0.90 quarterly dividend (annualized $3.60, ~2.1% yield).

Truist Financial Corp cut its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 286,260 shares of the financial services provider's stock after selling 52,156 shares during the period. Truist Financial Corp owned about 0.06% of Marsh & McLennan Companies worth $53,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MRSH. Vanguard Group Inc. raised its holdings 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 worth $8,643,309,000 after buying an additional 387,100 shares during the period. State Street Corp boosted its stake in Marsh & McLennan Companies by 0.4% in the 3rd quarter. State Street Corp now owns 21,538,014 shares of the financial services provider's stock worth $4,340,556,000 after purchasing an additional 96,436 shares during the period. Capital International Investors increased its holdings in 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 worth $3,745,889,000 after purchasing an additional 221,033 shares in the last quarter. Capital World Investors increased its holdings in 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 worth $3,567,410,000 after purchasing an additional 92,767 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in 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 worth $3,041,386,000 after purchasing an additional 1,260,434 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MRSH shares. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an "equal weight" rating for the company in a report on Thursday, April 9th. Bank of America dropped their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 14th. Evercore dropped their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 7th. Raymond James Financial raised Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 target price on the stock in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $205.33.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer owned 116,811 shares of the company's stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.38% of the company's stock.

Marsh & McLennan Companies Stock Performance

NYSE:MRSH opened at $167.92 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average of $173.42. The firm has a market capitalization of $80.90 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.42 and a beta of 0.65. Marsh & McLennan Companies, Inc. has a 52-week low of $164.89 and a 52-week high of $235.78.

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

Marsh & McLennan Companies Dividend Announcement

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

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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