SVB Wealth LLC Sells 3,941 Shares of Marsh & McLennan Companies, Inc. $MRSH

SVB Wealth LLC reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 14.2% during the fourth quarter, Holdings Channel.com reports. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MRSH. Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies during the third quarter worth $25,000. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $29,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth about $30,000. Finally, Financial Life Planners bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.0%

Shares of Marsh & McLennan Companies stock opened at $163.22 on Monday. The stock’s fifty day simple moving average is $172.64. 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, Inc. has a 12 month low of $162.50 and a 12 month high of $235.78. The company has a market capitalization of $78.64 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.38 and a beta of 0.65.

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

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Monday, April 27th. JPMorgan Chase & Co. cut their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $205.00.

Insiders Place Their Bets

In other news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently 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.