SVB Wealth LLC Decreases Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

SVB Wealth LLC reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 14.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,796 shares of the financial services provider’s stock after selling 3,941 shares during the quarter. SVB Wealth LLC’s holdings in Marsh & McLennan Companies were worth $4,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Numerai GP LLC lifted its holdings in Marsh & McLennan Companies by 966.2% in the 3rd quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider’s stock worth $7,501,000 after buying an additional 33,729 shares during the period. Rockland Trust Co. increased its stake in shares of Marsh & McLennan Companies by 801.6% during the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock valued at $2,433,000 after buying an additional 10,734 shares during the period. Barclays PLC raised its holdings in shares of Marsh & McLennan Companies by 41.7% during the third quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock valued at $443,844,000 after acquiring an additional 647,987 shares in the last quarter. Navera Investment Management Ltd. boosted its holdings in Marsh & McLennan Companies by 7.0% in the third quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock valued at $327,303,000 after acquiring an additional 105,954 shares in the last quarter. Finally, Bridges Investment Management Inc. increased its position in Marsh & McLennan Companies by 4.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock valued at $15,356,000 after purchasing an additional 3,177 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH opened at $163.22 on Monday. The firm’s 50 day simple moving average is $172.64. Marsh & McLennan Companies, Inc. has a fifty-two week low of $162.50 and a fifty-two week high of $235.78. The company has a market capitalization of $78.64 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 2.38 and a beta of 0.65. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is currently 45.00%.

Analysts Set New Price Targets

MRSH has been the subject of several research analyst reports. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Bank of America decreased their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley lowered their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $205.00.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by insiders.

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.