Marsh & McLennan Companies, Inc. $MRSH Stock Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 10.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,767 shares of the financial services provider’s stock after selling 20,338 shares during the quarter. Fifth Third Bancorp’s holdings in Marsh & McLennan Companies were worth $28,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. King Luther Capital Management Corp increased its holdings in Marsh & McLennan Companies by 1.6% during the 3rd quarter. King Luther Capital Management Corp now owns 34,994 shares of the financial services provider’s stock valued at $5,975,000 after purchasing an additional 568 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Marsh & McLennan Companies by 15.0% during the third quarter. Maryland State Retirement & Pension System now owns 29,876 shares of the financial services provider’s stock worth $5,101,000 after purchasing an additional 3,894 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Marsh & McLennan Companies by 21.7% in the third quarter. Ritholtz Wealth Management now owns 12,483 shares of the financial services provider’s stock valued at $2,131,000 after buying an additional 2,230 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of Marsh & McLennan Companies by 11.7% in the third quarter. Joel Isaacson & Co. LLC now owns 2,416 shares of the financial services provider’s stock valued at $412,000 after buying an additional 253 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 3.4% in the third quarter. Jacobi Capital Management LLC now owns 2,630 shares of the financial services provider’s stock valued at $449,000 after buying an additional 87 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Klisura sold 4,194 shares of Marsh & McLennan Companies stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $200.00, for a total transaction of $838,800.00. Following the transaction, the chief executive officer owned 20,935 shares in the company, valued at $4,187,000. The trade was a 16.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stacy Mills sold 1,215 shares of the 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 $243,000.00. Following the sale, the vice president directly owned 2,705 shares of the company’s stock, valued at approximately $541,000. The trade was a 30.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 0.9%

NYSE:MRSH opened at $207.46 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.09 and a quick ratio of 1.09. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $214.00. The business has a fifty day moving average of $185.49. The company has a market cap of $98.65 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.78 and a beta of 0.53.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The company had revenue of $6.86 billion during the quarter. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.49 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Thursday, October 1st were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 1st. Marsh & McLennan Companies’s payout ratio is presently 47.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MRSH shares. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $215.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Mizuho upped their target price on shares of Marsh & McLennan Companies from $200.00 to $218.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, November 4th. Finally, Citigroup increased their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $206.79.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, now known as Marsh, is a professional services firm focused on risk, strategy and people. Its businesses help organizations assess and manage risk, arrange insurance and reinsurance, and address workforce and organizational challenges. The company operates through Marsh, an insurance brokerage and risk advisory business; Guy Carpenter, which specializes in reinsurance and related risk services; Mercer, which provides health, wealth and career consulting; and Oliver Wyman, a management consulting firm.