First National Bank of Mount Dora Trust Investment Services Buys Shares of 22,435 Marsh & McLennan Companies, Inc. $MRSH

First National Bank of Mount Dora Trust Investment Services bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,435 shares of the financial services provider’s stock, valued at approximately $3,739,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MRSH. State Street Corp bought a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $4,057,682,000. Capital International Investors bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $3,482,557,000. Capital World Investors acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $3,140,284,000. Wellington Management Group LLP bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $1,710,101,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 1.0%

NYSE:MRSH opened at $191.31 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $213.80. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $91.30 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.75 and a beta of 0.59. The business has a fifty day moving average of $175.15.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.07. The firm had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd will be issued a $0.99 dividend. The ex-dividend date is Thursday, July 23rd. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio is currently 48.41%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MRSH shares. Citigroup cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods upped their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Mizuho lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Bank of America reduced their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $201.94.

Insider Transactions at Marsh & McLennan Companies

In other news, insider Martin South sold 7,100 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the completion of the sale, the insider owned 16,632 shares in the company, valued at $3,159,913.68. The trade was a 29.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul Beswick sold 713 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total value of $141,174.00. Following the transaction, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 36,469 shares of company stock worth $6,291,345. 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.