Carnegie Investment Counsel Sells 33,011 Shares of Marsh & McLennan Companies, Inc. $MRSH

Carnegie Investment Counsel lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,009 shares of the financial services provider’s stock after selling 33,011 shares during the period. Carnegie Investment Counsel’s holdings in Marsh & McLennan Companies were worth $11,875,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MRSH. Assenagon Asset Management S.A. raised its position in Marsh & McLennan Companies by 9,455.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,520,164 shares of the financial services provider’s stock worth $282,021,000 after purchasing an additional 1,504,255 shares during the last quarter. Wellington Management Group LLP raised its position in Marsh & McLennan Companies by 9.1% in the 3rd 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 last quarter. Arrowstreet Capital Limited Partnership raised its position in Marsh & McLennan Companies by 654.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider’s stock worth $285,992,000 after purchasing an additional 1,231,059 shares during the last quarter. Invesco Ltd. grew its holdings in Marsh & McLennan Companies by 29.7% during the 3rd quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider’s stock worth $663,676,000 after acquiring an additional 753,828 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in Marsh & McLennan Companies by 93.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,379,436 shares of the financial services provider’s stock worth $277,998,000 after acquiring an additional 666,023 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MRSH. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. 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. Cantor Fitzgerald increased 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. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $206.00 to $200.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, Barclays cut their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $206.00.

Marsh & McLennan Companies Stock Down 2.9%

Shares of MRSH stock opened at $168.09 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $164.89 and a 12-month high of $239.34. The firm has a market cap of $81.38 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average price of $173.28.

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 company had revenue of $6.60 billion during 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 firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 EPS. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio is presently 42.70%.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% 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.