Wilmington Savings Fund Society FSB Lowers Position in Marsh & McLennan Companies, Inc. $MRSH

Wilmington Savings Fund Society FSB trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 33.2% during the 3rd quarter, Holdings Channel reports. The firm owned 6,823 shares of the financial services provider’s stock after selling 3,384 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Marsh & McLennan Companies were worth $1,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the second quarter valued at $29,000. Delos Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies during the second quarter valued at about $32,000. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $32,000. Finally, TruNorth Capital Management LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $171.13 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $164.89 and a fifty-two week high of $248.00. The firm’s 50 day moving average price is $178.38. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $82.85 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. The firm had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio is currently 42.70%.

Wall Street Analyst Weigh In

MRSH has been the subject of a number of recent research reports. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a report on Tuesday, February 17th. Barclays decreased their price objective on Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Citigroup raised their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Finally, Weiss Ratings began coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They set a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $216.12.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated 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 trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Company 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.