Marsh & McLennan Companies, Inc. $MRSH Stock Holdings Increased by Glenview Trust Co

Glenview Trust Co lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,259 shares of the financial services provider’s stock after buying an additional 2,740 shares during the quarter. Glenview Trust Co’s holdings in Marsh & McLennan Companies were worth $16,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $2,153,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in Marsh & McLennan Companies in the 2nd quarter worth $3,880,000. Korea Investment CORP bought a new stake in Marsh & McLennan Companies during the second quarter valued at about $46,856,000. Bank of Nova Scotia purchased a new position in shares of Marsh & McLennan Companies in the second quarter valued at about $20,681,000. Finally, Royal Bank of Canada lifted its position in shares of Marsh & McLennan Companies by 4.7% in the first quarter. Royal Bank of Canada now owns 3,316,579 shares of the financial services provider’s stock valued at $575,261,000 after acquiring an additional 148,884 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $200.52 on Friday. The stock has a fifty day simple moving average of $182.37. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $202.70. The company has a market capitalization of $95.35 billion, a PE ratio of 18.94, a PEG ratio of 2.66 and a beta of 0.59. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.09 and a quick ratio of 1.09.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. The company had revenue of $6.86 billion for the quarter. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.48 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio is currently 47.37%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $183.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, October 16th. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “neutral” rating in a report on Friday, October 16th. Cantor Fitzgerald boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Mizuho increased their price objective on shares of Marsh & McLennan Companies from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, October 19th. Finally, Erste Group Bank upgraded Marsh & McLennan Companies to a “strong-buy” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $204.42.

Insider Activity

In related news, VP Stacy Mills sold 1,215 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total value of $243,000.00. Following the completion of the sale, the vice president directly owned 2,705 shares in the company, valued at $541,000. This trade represents a 30.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dean Klisura sold 4,194 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $200.00, for a total transaction of $838,800.00. Following the completion of the sale, the chief executive officer owned 20,935 shares of the company’s stock, valued at $4,187,000. This trade represents a 16.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.

Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.

Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.