CIBC Bancorp USA Inc. Takes $14.95 Million Position in Marsh & McLennan Companies, Inc. $MRSH

CIBC Bancorp USA Inc. acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 74,161 shares of the financial services provider’s stock, valued at approximately $14,946,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Numerai GP LLC raised its stake in Marsh & McLennan Companies by 966.2% during the third quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider’s stock worth $7,501,000 after acquiring an additional 33,729 shares during the period. Rockland Trust Co. grew its holdings in shares of Marsh & McLennan Companies by 801.6% during the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock valued at $2,433,000 after purchasing an additional 10,734 shares during the last quarter. Navera Investment Management Ltd. raised its position in shares of Marsh & McLennan Companies by 7.0% during the 3rd quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock worth $327,303,000 after purchasing an additional 105,954 shares during the period. Barclays PLC lifted its holdings in shares of Marsh & McLennan Companies by 41.7% in the 3rd quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock worth $443,844,000 after purchasing an additional 647,987 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Marsh & McLennan Companies by 4.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock worth $15,356,000 after buying an additional 3,177 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.1%

MRSH stock opened at $171.13 on Friday. The business has a 50-day moving average of $178.38. The firm has a market capitalization 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 quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. Marsh & McLennan Companies, Inc. has a fifty-two week low of $164.89 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last released 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 company 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%. Marsh & McLennan Companies’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. 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 news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. 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. Raymond James Financial upgraded shares of 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 report on Tuesday, February 17th. Cantor Fitzgerald lifted their price objective on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd. Finally, Evercore dropped 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 note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $216.12.

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.