Korea Investment CORP Sells 8,516 Shares of Marsh & McLennan Companies, Inc. $MRSH

Korea Investment CORP reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,006 shares of the financial services provider’s stock after selling 8,516 shares during the quarter. Korea Investment CORP owned 0.07% of Marsh & McLennan Companies worth $65,902,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 131.5% in the third quarter. Ameriflex Group Inc. now owns 412 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 234 shares in the last quarter. Neo Ivy Capital Management raised its position in Marsh & McLennan Companies by 126.1% in the 3rd quarter. Neo Ivy Capital Management now owns 7,936 shares of the financial services provider’s stock valued at $1,599,000 after buying an additional 4,426 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in Marsh & McLennan Companies by 3.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 97,766 shares of the financial services provider’s stock valued at $19,703,000 after acquiring an additional 3,081 shares in the last quarter. Longfellow Investment Management Co. LLC boosted its position in Marsh & McLennan Companies by 25,652.9% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 4,378 shares of the financial services provider’s stock worth $882,000 after acquiring an additional 4,361 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Marsh & McLennan Companies by 41.7% during the 3rd quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock worth $443,844,000 after acquiring an additional 647,987 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MRSH has been the subject of several recent research reports. Barclays increased their target price on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Cantor Fitzgerald upped their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Citigroup increased their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Evercore lowered their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $216.18.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 116,811 shares in the company, 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 SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Down 0.8%

Shares of MRSH stock opened at $183.43 on Monday. Marsh & McLennan Companies, Inc. has a 52 week low of $170.37 and a 52 week high of $248.00. The stock has a market cap of $88.80 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.49 and a beta of 0.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.70%.

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.