Glenview Trust Co Buys 25,916 Shares of Marsh & McLennan Companies, Inc. $MRSH

Glenview Trust Co grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 39.0% during the first quarter, Holdings Channel.com reports. The fund owned 92,359 shares of the financial services provider’s stock after purchasing an additional 25,916 shares during the quarter. Glenview Trust Co’s holdings in Marsh & McLennan Companies were worth $16,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MRSH. Madison Asset Management LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $61,733,000. Cassaday & Co Wealth Management LLC purchased a new position in Marsh & McLennan Companies in the first quarter worth $366,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $2,838,000. Florida Financial Advisors LLC increased its position in shares of Marsh & McLennan Companies by 3.8% during the 1st quarter. Florida Financial Advisors LLC now owns 3,088 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 113 shares during the last quarter. Finally, Earned Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies during the first quarter worth about $539,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $181.82 on Tuesday. The company has a market cap of $87.84 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $213.80. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.2%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 45.00%.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the sale, the chief executive officer 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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday, May 6th. 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. Wells Fargo & Company reduced their price objective 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. UBS Group boosted their target price on Marsh & McLennan Companies from $203.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $200.81.

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.