Marsh & McLennan Companies, Inc. $MRSH Stock Position Lessened by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 648,524 shares of the financial services provider’s stock after selling 23,383 shares during the period. PNC Financial Services Group Inc.’s holdings in Marsh & McLennan Companies were worth $120,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Numerai GP LLC raised its holdings in Marsh & McLennan Companies by 966.2% during the third quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider’s stock worth $7,501,000 after purchasing an additional 33,729 shares in the last quarter. Rockland Trust Co. boosted its stake in Marsh & McLennan Companies by 801.6% during the 3rd quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock valued at $2,433,000 after purchasing an additional 10,734 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of Marsh & McLennan Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider’s stock worth $24,960,000 after buying an additional 11,648 shares in the last quarter. Barclays PLC lifted its holdings in shares of Marsh & McLennan Companies by 41.7% in the third quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock valued at $443,844,000 after buying an additional 647,987 shares during the period. Finally, Bridges Investment Management Inc. boosted its stake in Marsh & McLennan Companies by 4.4% during the third quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock valued at $15,356,000 after buying an additional 3,177 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction 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 in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MRSH. Bank of America dropped their price target on shares of 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. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $205.00.

Marsh & McLennan Companies Trading Up 0.2%

NYSE MRSH opened at $163.66 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a 1 year low of $158.16 and a 1 year high of $235.78. The firm has a market cap of $78.85 billion, a P/E ratio of 20.46, a PEG ratio of 2.42 and a beta of 0.65. The business’s 50-day moving average is $168.84.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company had revenue of $7.30 billion during the quarter. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is 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.