CIBC Bancorp USA Inc. Takes Position in Marsh & McLennan Companies, Inc. $MRSH

CIBC Bancorp USA Inc. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 74,161 shares of the financial services provider’s stock, valued at approximately $14,946,000.

A number of other institutional investors have also bought and sold shares of MRSH. Hanson & Doremus Investment Management raised its position in shares of Marsh & McLennan Companies by 31.3% in the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 51 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Marsh & McLennan Companies by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 54 shares in the last quarter. Bank of Nova Scotia Trust Co. grew its stake in Marsh & McLennan Companies by 6.7% during the second quarter. Bank of Nova Scotia Trust Co. now owns 949 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 60 shares during the period. Ashton Thomas Securities LLC increased its holdings in Marsh & McLennan Companies by 1.8% in the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 63 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in Marsh & McLennan Companies by 3.0% in the third quarter. Procyon Advisors LLC now owns 2,223 shares of the financial services provider’s stock valued at $448,000 after buying an additional 64 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction that occurred 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 directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

MRSH has been the subject of several recent analyst reports. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a research report on Tuesday, February 17th. Citigroup increased their target price on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Morgan Stanley lifted their price target on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald raised their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $216.12.

Marsh & McLennan Companies Trading Up 0.1%

NYSE MRSH opened at $171.13 on Friday. The firm has a market cap of $82.85 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.33 and a beta of 0.74. The company has a fifty day simple moving average of $178.38. 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, Inc. has a 12-month low of $164.89 and a 12-month high of $248.00.

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

Marsh & McLennan Companies Announces Dividend

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 given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.70%.

About Marsh & McLennan Companies

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.