Sustainable Insight Capital Management LLC Sells 9,088 Shares of Marsh & McLennan Companies, Inc. $MRSH

Sustainable Insight Capital Management LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 21.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,827 shares of the financial services provider’s stock after selling 9,088 shares during the quarter. Marsh & McLennan Companies accounts for 2.0% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 13th largest holding. Sustainable Insight Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $5,867,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $25,000. SHP Wealth Management acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $27,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies in the first quarter valued at about $28,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Bank of America decreased 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 report on Tuesday, April 14th. UBS Group increased their price objective on shares of 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, Piper Sandler cut their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $201.69.

Marsh & McLennan Companies Trading Up 2.4%

Marsh & McLennan Companies stock opened at $180.66 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $213.80. The stock has a market capitalization of $86.21 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.54 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 1.22.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.07. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.41 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd will be given a $0.99 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, July 23rd. This represents a $3.96 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio is currently 48.41%.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

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.