Blair William & Co. IL Sells 4,742 Shares of Marsh & McLennan Companies, Inc. $MRSH

Blair William & Co. IL lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,599 shares of the financial services provider’s stock after selling 4,742 shares during the period. Blair William & Co. IL’s holdings in Marsh & McLennan Companies were worth $9,391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MRSH. Vanguard Group Inc. boosted its position in Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after acquiring an additional 837,117 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 1.6% in the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after purchasing an additional 196,475 shares during the last quarter. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the second quarter worth $1,328,587,000. JPMorgan Chase & Co. boosted its holdings in Marsh & McLennan Companies by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 4,872,982 shares of the financial services provider’s stock worth $982,071,000 after purchasing an additional 441,029 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Marsh & McLennan Companies by 0.9% in the second quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock valued at $752,877,000 after purchasing an additional 32,118 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MRSH has been the topic of several analyst reports. Evercore cut their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $200.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. JPMorgan Chase & Co. dropped their target price on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a research note on Tuesday, February 17th. Finally, Mizuho reaffirmed a “neutral” rating and set a $199.00 price target (down from $213.00) on shares of Marsh & McLennan Companies in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $216.18.

Marsh & McLennan Companies Stock Down 0.0%

Shares of MRSH stock opened at $179.92 on Tuesday. Marsh & McLennan Companies, Inc. has a 52-week low of $170.37 and a 52-week high of $248.00. The stock has a market capitalization of $87.10 billion, a PE ratio of 21.34, a PEG ratio of 2.49 and a beta of 0.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.Marsh & McLennan Companies’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.87 earnings per share. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is 42.70%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by corporate 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.