Marsh & McLennan Companies, Inc. $MRSH Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 37.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 166,714 shares of the financial services provider’s stock after buying an additional 45,174 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Marsh & McLennan Companies were worth $28,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NEOS Investment Management LLC raised its position in Marsh & McLennan Companies by 11.9% in the second quarter. NEOS Investment Management LLC now owns 78,716 shares of the financial services provider’s stock worth $13,120,000 after acquiring an additional 8,356 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth $1,467,000. Nykredit A S acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $28,419,000. Hudson Portfolio Management LLC purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $276,000. Finally, Proficio Capital Partners LLC boosted its holdings in Marsh & McLennan Companies by 228.7% during the second quarter. Proficio Capital Partners LLC now owns 4,171 shares of the financial services provider’s stock worth $695,000 after buying an additional 2,902 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, insider Martin South sold 7,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the sale, the insider owned 16,632 shares in the company, valued at approximately $3,159,913.68. This trade represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $141,174.00. Following the completion of the sale, the senior vice president directly owned 16,376 shares of the company’s stock, valued at $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 19,813 shares of company stock valued at $3,597,903. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $185.80 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $207.82. The business’s fifty day moving average is $185.10. The stock has a market capitalization of $88.67 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.62 and a beta of 0.58.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The firm had revenue of $7.28 billion during the quarter. The company’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 10.44 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies’s payout ratio is presently 48.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MRSH. Citigroup lowered Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, July 22nd. UBS Group boosted their target price on Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Mizuho lifted their price target on Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley increased their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $203.50.

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.