Marsh & McLennan Companies, Inc. $MRSH Stock Holdings Raised by Vestor Capital LLC

Vestor Capital LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 2,105.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,067,208 shares of the financial services provider’s stock after purchasing an additional 1,018,808 shares during the period. Marsh & McLennan Companies comprises about 5.1% of Vestor Capital LLC’s portfolio, making the stock its 5th largest holding. Vestor Capital LLC owned 0.22% of Marsh & McLennan Companies worth $182,204,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $6,583,806,000. Corient Private Wealth LP purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $66,475,000. Ninety One UK Ltd raised its stake in shares of Marsh & McLennan Companies by 41.8% during the 3rd quarter. Ninety One UK Ltd now owns 5,632,700 shares of the financial services provider’s stock worth $961,671,000 after buying an additional 1,661,178 shares during the period. Deutsche Bank AG acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $685,621,000. Finally, Bank of America Corp DE purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at approximately $575,845,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In related news, CEO Dean Klisura sold 4,194 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $838,800.00. Following the completion of the sale, the chief executive officer owned 20,935 shares of the company’s stock, valued at approximately $4,187,000. This represents a 16.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stacy Mills sold 1,215 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $243,000.00. Following the completion of the sale, the vice president owned 2,705 shares of the company’s stock, valued at approximately $541,000. The trade was a 30.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $204.59 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.09 and a quick ratio of 1.09. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $214.00. The stock has a market capitalization of $97.29 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53. The stock’s 50 day moving average price is $184.01.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The company had revenue of $6.86 billion for the quarter. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 10.49 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio is 47.37%.

Wall Street Analysts Forecast Growth

MRSH has been the subject of several recent analyst reports. Bank of America cut their price target on shares of Marsh & McLennan Companies from $179.00 to $178.00 and set an “underperform” rating for the company in a report on Wednesday, July 15th. Cantor Fitzgerald increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, November 4th. Erste Group Bank upgraded shares of Marsh & McLennan Companies to a “strong-buy” rating in a research report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $215.00 to $218.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $205.84.

About Marsh & McLennan Companies

Marsh & McLennan Companies, now known as Marsh, is a professional services firm focused on risk, strategy and people. Its businesses help organizations assess and manage risk, arrange insurance and reinsurance, and address workforce and organizational challenges.

The company operates through Marsh, an insurance brokerage and risk advisory business; Guy Carpenter, which specializes in reinsurance and related risk services; Mercer, which provides health, wealth and career consulting; and Oliver Wyman, a management consulting firm.