85,223 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the second quarter, Holdings Channel reports. The fund bought 85,223 shares of the financial services provider’s stock, valued at approximately $14,204,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Marsh & McLennan Companies in the 2nd quarter valued at $6,583,806,000. State Street Corp purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $4,057,682,000. Capital International Investors acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $3,482,557,000. Capital World Investors purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $3,140,284,000. Finally, Wellington Management Group LLP acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $2,967,927,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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 shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the completion of the transaction, the director owned 12,001 shares of the company’s stock, valued at approximately $2,107,975.65. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the completion of the sale, the senior vice president owned 16,376 shares of the company’s stock, valued at $3,242,448. This trade represents a 4.17% 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. Insiders have sold 36,469 shares of company stock valued at $6,291,345 in the last ninety days. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.5%

NYSE:MRSH opened at $192.90 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $207.82. The company has a fifty day simple moving average of $182.75. The stock has a market capitalization of $92.05 billion, a P/E ratio of 23.58, a P/E/G ratio of 2.64 and a beta of 0.59. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14.

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 for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. The business had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The company’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a 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 payout ratio is 48.41%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MRSH. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Citigroup cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, July 22nd. Morgan Stanley upped their price target on Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. UBS Group lifted their price objective on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Piper Sandler dropped their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $203.50.

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.