Sanctuary Advisors LLC Makes New $12.62 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Sanctuary Advisors LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 75,698 shares of the financial services provider’s stock, valued at approximately $12,617,000.

A number of other institutional investors have also modified their holdings of MRSH. Vanguard Group Inc. raised its holdings in Marsh & McLennan Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 46,589,633 shares of the financial services provider’s stock valued at $8,643,309,000 after buying an additional 387,100 shares during the period. BlackRock Inc. purchased a new stake in Marsh & McLennan Companies during the second quarter worth approximately $6,583,806,000. State Street Corp acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $4,057,682,000. Capital International Investors purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $3,482,557,000. Finally, Capital World Investors acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $3,140,284,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MRSH has been the subject of several recent research reports. Citigroup downgraded Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a report on Wednesday, July 22nd. Cantor Fitzgerald boosted their price objective on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Morgan Stanley increased their target price on Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Mizuho boosted their price target on 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, Piper Sandler decreased their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $203.50.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies 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 completion of the transaction, the senior vice president owned 16,376 shares of the company’s stock, valued at approximately $3,242,448. The trade was a 4.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,469 shares of company stock valued at $6,291,345 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Up 0.1%

Marsh & McLennan Companies stock opened at $192.17 on Monday. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $212.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $91.71 billion, a PE ratio of 23.49, a P/E/G ratio of 2.75 and a beta of 0.59. The firm’s 50 day simple moving average is $179.88.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm had revenue of $7.28 billion for the quarter. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, 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 business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were paid a $0.99 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 48.41%.

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.