Wellington Management Group LLP Reduces Stake in Marsh & McLennan Companies, Inc. $MRSH

Wellington Management Group LLP reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,975,238 shares of the financial services provider’s stock after selling 395,471 shares during the quarter. Wellington Management Group LLP’s holdings in Marsh & McLennan Companies were worth $2,829,263,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MRSH. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $14,204,000. Kingsview Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $6,919,000. Beacon Pointe Advisors LLC bought a new stake in Marsh & McLennan Companies in the second quarter worth $3,141,000. Kimelman & Baird LLC purchased a new position in Marsh & McLennan Companies during the second quarter worth $2,105,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Marsh & McLennan Companies during the second quarter valued at $555,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 1.5%

Shares of MRSH opened at $192.90 on Friday. The company’s fifty day moving average is $182.75. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $92.05 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 2.64 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $207.82.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results 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. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company had revenue of $7.28 billion for the quarter. The firm’s revenue was up 6.2% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio is 48.41%.

Insider Activity at Marsh & McLennan Companies

In related 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 value of $2,107,800.00. Following the transaction, the director owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Martin South sold 7,100 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the transaction, the insider owned 16,632 shares in the company, valued at $3,159,913.68. The trade was a 29.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 36,469 shares of company stock worth $6,291,345. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

MRSH has been the subject of several analyst reports. Mizuho raised their target price on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Morgan Stanley upped their price target on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Citigroup lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted 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. Finally, Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $203.50.

Marsh & McLennan Companies Company 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.