Marsh & McLennan Companies, Inc. $MRSH Position Trimmed by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 35.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,945 shares of the financial services provider’s stock after selling 33,945 shares during the period. TD Waterhouse Canada Inc.’s holdings in Marsh & McLennan Companies were worth $11,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MRSH. Brighton Jones LLC raised its position in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bison Wealth LLC increased its position in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares during the period. Glenview Trust co raised its stake in Marsh & McLennan Companies by 10.8% during the 2nd quarter. Glenview Trust co now owns 3,897 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 379 shares during the last quarter. Osterweis Capital Management Inc. boosted its stake in Marsh & McLennan Companies by 18,440.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock valued at $203,000 after buying an additional 922 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $1,307,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MRSH. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday. Evercore cut their target price on 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. Citigroup raised their price target on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Barclays decreased their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $205.33.

Marsh & McLennan Companies Price Performance

Shares of MRSH opened at $174.40 on Tuesday. The company has a market capitalization of $84.02 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 1 year low of $164.89 and a 1 year high of $235.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The business’s 50-day moving average is $173.69.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.33 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies’s payout ratio is 45.00%.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by insiders.

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.