Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Vancity Investment Management Ltd

Vancity Investment Management Ltd trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,512 shares of the financial services provider’s stock after selling 3,338 shares during the period. Marsh & McLennan Companies comprises 1.8% of Vancity Investment Management Ltd’s investment portfolio, making the stock its 22nd biggest holding. Vancity Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $12,086,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MRSH. Solstein Capital LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $25,000. Asset Dedication LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $25,000. SHP Wealth Management purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Golden State Wealth Management LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $27,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MRSH. Weiss Ratings raised Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Piper Sandler dropped their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. UBS Group lifted their price target on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Mizuho increased their price objective on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald raised their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $203.50.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the transaction, the senior vice president directly owned 16,376 shares in the company, valued at approximately $3,242,448. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the insider owned 16,632 shares in the company, valued at $3,159,913.68. This trade represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 19,813 shares of company stock worth $3,597,903. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.0%

Shares of MRSH stock opened at $185.80 on Monday. The firm has a market cap of $88.67 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average price of $185.10. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $207.82.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.07. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced 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 represents a $3.96 dividend on an annualized basis and a yield of 2.1%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 48.41%.

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.