Vinva Investment Management Ltd Has $8.26 Million Stake in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Vinva Investment Management increased its stake in Marsh & McLennan by 54.5%, adding 14,551 shares to hold 41,262 shares worth about $8.26 million at quarter-end.
• CEO John Q. Doyle sold 16,655 shares on March 4 at an average price of $183.30 for proceeds of roughly $3.05 million, reducing his ownership by about 12.48% to 116,811 shares.
• Marsh & McLennan beat quarterly estimates with EPS of $2.12 (vs. $1.97 est.) and revenue of $6.60B, and declared a quarterly dividend of $0.90 ($3.60 annualized, ~2.0% yield).

Vinva Investment Management Ltd increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 54.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,262 shares of the financial services provider's stock after purchasing an additional 14,551 shares during the quarter. Vinva Investment Management Ltd's holdings in Marsh & McLennan Companies were worth $8,262,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 869 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Marsh & McLennan Companies by 12.2% during the second quarter. Sigma Planning Corp now owns 2,529 shares of the financial services provider's stock worth $553,000 after purchasing an additional 275 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Marsh & McLennan Companies by 26.3% in the second quarter. First Horizon Advisors Inc. now owns 903 shares of the financial services provider's stock valued at $197,000 after buying an additional 188 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in Marsh & McLennan Companies by 60.8% in the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the financial services provider's stock valued at $363,000 after buying an additional 628 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the firm's 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 trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MRSH opened at $183.43 on Monday. Marsh & McLennan Companies, Inc. has a 12-month low of $170.37 and a 12-month high of $248.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $88.80 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.49 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. The firm had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 earnings per share. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies's dividend payout ratio is 42.70%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MRSH. Evercore reduced their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an "outperform" rating on the stock in a report on Wednesday, January 7th. Barclays lifted their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, January 8th. Morgan Stanley boosted their price objective on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, January 30th. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an "equal weight" rating in a research report on Friday, January 30th. Finally, Citigroup lifted their target price on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a "neutral" rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $216.18.

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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