Czech National Bank Raises Holdings in Marsh & McLennan Companies, Inc. $MRSH

Czech National Bank raised its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 4.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 137,137 shares of the financial services provider’s stock after purchasing an additional 5,288 shares during the period. Czech National Bank’s holdings in Marsh & McLennan Companies were worth $22,857,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MRSH. Solstein Capital LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $25,000. Asset Dedication LLC purchased a new stake in Marsh & McLennan Companies during the 1st quarter valued at about $25,000. SHP Wealth Management acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.0%

Shares of Marsh & McLennan Companies stock opened at $191.31 on Friday. The firm has a market cap of $91.30 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.77 and a beta of 0.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $213.80. The company has a fifty day simple moving average of $175.15.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The firm had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current year.

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 paid a $0.99 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s payout ratio is presently 48.41%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MRSH. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Piper Sandler dropped their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Cantor Fitzgerald lifted their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $201.94.

Insider Activity at Marsh & McLennan Companies

In related news, insider Martin South sold 7,100 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the completion of the transaction, the insider owned 16,632 shares of the company’s stock, valued at approximately $3,159,913.68. This trade represents a 29.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the completion of the sale, the director owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 36,469 shares of company stock valued at $6,291,345. 0.38% of the stock is owned by insiders.

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.