Exchange Traded Concepts LLC Sells 6,716 Shares of Marsh & McLennan Companies, Inc. $MRSH

Exchange Traded Concepts LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,250 shares of the financial services provider’s stock after selling 6,716 shares during the period. Exchange Traded Concepts LLC’s holdings in Marsh & McLennan Companies were worth $3,015,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its holdings in shares of Marsh & McLennan Companies by 9,455.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,520,164 shares of the financial services provider’s stock valued at $282,021,000 after acquiring an additional 1,504,255 shares during the last quarter. Amundi lifted its holdings in Marsh & McLennan Companies by 89.2% in the 2nd quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock worth $615,309,000 after purchasing an additional 1,363,706 shares during the last quarter. Wellington Management Group LLP boosted its position in Marsh & McLennan Companies by 9.1% during the third quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after purchasing an additional 1,260,434 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Marsh & McLennan Companies by 654.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider’s stock valued at $285,992,000 after purchasing an additional 1,231,059 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Marsh & McLennan Companies by 29.7% in the third quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider’s stock valued at $663,676,000 after purchasing an additional 753,828 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 value of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Down 0.1%

Shares of NYSE MRSH opened at $173.22 on Wednesday. The firm has a market capitalization of $83.86 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a one year low of $164.89 and a one year high of $248.00. The company has a fifty day moving average price of $176.31. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. The firm had revenue of $6.60 billion for the quarter, compared to analyst estimates 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 for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 EPS. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business 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. 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 payout ratio is currently 42.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MRSH shares. Morgan Stanley raised their target price 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. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. dropped their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Finally, Citigroup increased their target price on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $212.06.

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.