Marsh & McLennan Companies, Inc. $MRSH Stock Sold by Kelleher Financial Advisors

Kelleher Financial Advisors cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 64.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,705 shares of the financial services provider’s stock after selling 3,074 shares during the period. Kelleher Financial Advisors’ holdings in Marsh & McLennan Companies were worth $291,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. 3Chopt Investment Partners LLC bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $209,000. Rakuten Investment Management Inc. raised its holdings in Marsh & McLennan Companies by 9.1% in the 3rd quarter. Rakuten Investment Management Inc. now owns 85,952 shares of the financial services provider’s stock valued at $14,648,000 after buying an additional 7,149 shares during the last quarter. AIA Group Ltd bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at approximately $371,000. Third View Private Wealth LLC boosted its position in Marsh & McLennan Companies by 0.8% during the 3rd quarter. Third View Private Wealth LLC now owns 32,252 shares of the financial services provider’s stock worth $5,506,000 after buying an additional 263 shares during the period. Finally, Provenance Wealth Advisors LLC boosted its position in Marsh & McLennan Companies by 7,281.5% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,993 shares of the financial services provider’s stock worth $340,000 after buying an additional 1,966 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MRSH has been the topic of a number of research reports. Jefferies Financial Group reduced their target price on shares of Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. Cantor Fitzgerald lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Citigroup boosted their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, October 16th. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $186.00 to $201.00 and gave the company a “market perform” rating in a report on Monday, October 19th. Finally, Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $183.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $205.84.

Insider Activity

In related news, VP Stacy Mills sold 1,215 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $200.00, for a total transaction of $243,000.00. Following the sale, the vice president owned 2,705 shares in the company, valued at $541,000. This represents a 30.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dean Klisura sold 4,194 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $200.00, for a total value of $838,800.00. Following the sale, the chief executive officer directly owned 20,935 shares of the company’s stock, valued at $4,187,000. This represents a 16.69% 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. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 3.4%

MRSH opened at $210.62 on Thursday. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $210.95. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.09 and a current ratio of 1.09. The business’s fifty day moving average price is $183.16. The firm has a market capitalization of $100.15 billion, a PE ratio of 25.19, a PEG ratio of 2.75 and a beta of 0.53.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $6.86 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.20% and a return on equity of 33.32%. Marsh & McLennan Companies’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.48 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 47.37%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.

Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.

Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.