Massachusetts Financial Services Co. MA Sells 811,902 Shares of Marsh & McLennan Companies, Inc. $MRSH

by · The Markets Daily

Massachusetts Financial Services Co. MA reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report) by 8.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,662,457 shares of the financial services provider’s stock after selling 811,902 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Marsh & McLennan Companies were worth $1,607,059,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Hanson & Doremus Investment Management raised its holdings in Marsh & McLennan Companies by 31.3% in the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 51 shares during the period. D.A. Davidson & CO. raised its holdings in Marsh & McLennan Companies by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after acquiring an additional 54 shares during the period. Procyon Advisors LLC raised its holdings in Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 56 shares during the period. Lindenwold Advisors INC raised its holdings in Marsh & McLennan Companies by 0.4% during the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock valued at $3,022,000 after acquiring an additional 62 shares during the period. Finally, Ashton Thomas Securities LLC raised its holdings in Marsh & McLennan Companies by 1.8% during the third quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock valued at $736,000 after acquiring an additional 63 shares during the period. 87.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MRSH. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays decreased their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a report on Wednesday. Weiss Ratings began coverage on Marsh & McLennan Companies in a report on Thursday, January 29th. They set a “hold (c)” rating on the stock. Cantor Fitzgerald raised their price target on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $206.00 to $200.00 and set a “market perform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $206.00.

View Our Latest Analysis on MRSH

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated 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 sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 2.9%

Shares of MRSH stock opened at $168.09 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $164.89 and a 12-month high of $239.34. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average price of $173.28. The company has a market capitalization of $81.38 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MRSHGet Free Report) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.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 previous year, the firm posted $1.87 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is 42.70%.

Marsh & McLennan Companies Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding MRSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MRSHFree Report).