Trust Point Inc. Acquires 6,685 Shares of Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Trust Point Inc. increased its Marsh & McLennan stake by 151.4% in the second quarter, adding 6,685 shares to hold 11,099 shares valued at approximately $1.85 million. Institutional investors collectively own 87.99% of the company.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $201.94. Price targets range from $182 to $216.
• Marsh & McLennan exceeded quarterly earnings expectations with EPS of $2.96 versus a $2.89 consensus, while revenue rose 6.2% year over year to $7.28 billion. The company also raised its quarterly dividend to $0.99 per share, implying a 2.1% annual yield.

Trust Point Inc. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 151.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,099 shares of the financial services provider's stock after buying an additional 6,685 shares during the quarter. Trust Point Inc.'s holdings in Marsh & McLennan Companies were worth $1,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted its stake in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock worth $651,000 after purchasing an additional 869 shares in the last quarter. Glenview Trust co lifted its stake in shares of Marsh & McLennan Companies by 10.8% during the second quarter. Glenview Trust co now owns 3,897 shares of the financial services provider's stock worth $852,000 after buying an additional 379 shares during the period. Osterweis Capital Management Inc. lifted its position in Marsh & McLennan Companies by 18,440.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider's stock worth $203,000 after acquiring an additional 922 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter worth about $1,307,000. Institutional investors own 87.99% of the company's stock.

Analysts Set New Price Targets

MRSH has been the topic of a number of research reports. Piper Sandler cut their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 26th. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a "market perform" rating in a research report on Friday, April 17th. Finally, UBS Group lifted their price objective on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a "buy" rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $201.94.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $191.31 on Friday. 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 has a market cap of $91.30 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 2.77 and a beta of 0.59. The business has a 50 day moving average of $175.15. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $213.80.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.07. The business had revenue of $7.28 billion for 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% compared to the same quarter last year. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.90. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies's payout ratio is currently 48.41%.

Insider Activity

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 116,811 shares of the company's stock, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was 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 of the company's stock, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,469 shares of company stock worth $6,291,345 over the last three months. 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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