Cibc World Market Inc. Invests $9.41 Million in Marsh & McLennan Companies, Inc. $MRSH

Cibc World Market Inc. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,441 shares of the financial services provider’s stock, valued at approximately $9,407,000.

Several other institutional investors and hedge funds have also bought and sold shares of MRSH. EP Wealth Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 0.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock worth $1,823,000 after purchasing an additional 69 shares in the last quarter. MMA Asset Management LLC grew its stake in shares of Marsh & McLennan Companies by 1.7% during the fourth quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 70 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Marsh & McLennan Companies by 5.3% during the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 73 shares in the last quarter. Clearstead Trust LLC boosted its stake in Marsh & McLennan Companies by 12.6% in the 1st quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 75 shares in the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC grew its position in Marsh & McLennan Companies by 0.9% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 8,883 shares of the financial services provider’s stock worth $1,648,000 after purchasing an additional 79 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lloyd M. Yates sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the transaction, the director owned 12,001 shares in the company, valued at $2,107,975.65. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This represents a 12.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,469 shares of company stock worth $6,291,345 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.4%

Marsh & McLennan Companies stock opened at $194.61 on Tuesday. The business’s 50-day moving average is $180.45. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $92.87 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.75 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $211.28.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.89 by $0.07. The business had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business’s revenue was up 6.2% on a year-over-year basis. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were given a dividend of $0.99 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 48.41%.

Analysts Set New Price Targets

Several research firms have recently commented on MRSH. Piper Sandler lowered their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Citigroup cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, July 22nd. UBS Group boosted their price target on Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $203.50.

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.