BlackRock Amends Marsh & McLennan Stake to 11.6%
Ticker: MRSH · Form: SC 13G/A · Filed: Jan 25, 2024
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**BlackRock still owns 11.6% of Marsh & McLennan, showing strong institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of 57,174,810 shares of Marsh & McLennan Companies Inc. common stock as of December 31, 2023. This represents a 11.6% stake in the insurance broker, a slight decrease from its previous filing. This matters to investors because BlackRock, a major institutional investor, still holds a significant position, indicating continued confidence in Marsh & McLennan, despite the minor reduction.
Why It Matters
BlackRock's continued substantial ownership signals its belief in Marsh & McLennan's long-term value, which can reassure current and potential investors.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a vote of confidence.
Analyst Insight
Investors should note BlackRock's continued substantial, though slightly reduced, stake as a sign of ongoing institutional interest in Marsh & McLennan, but also be aware that large institutional holders can adjust positions over time.
Key Numbers
- 57,174,810 — Shares Owned (BlackRock's total beneficial ownership in Marsh & McLennan as of December 31, 2023.)
- 11.6% — Ownership Percentage (The percentage of Marsh & McLennan's common stock owned by BlackRock, indicating a significant stake.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Marsh & McLennan Companies Inc. (company) — the subject company whose shares are being reported
- 57,174,810 (dollar_amount) — number of shares of common stock beneficially owned by BlackRock Inc.
- 11.6% (dollar_amount) — percentage of Marsh & McLennan's common stock beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event which required the filing of this statement
Forward-Looking Statements
- BlackRock will maintain a significant, albeit potentially slightly adjusted, stake in Marsh & McLennan. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No: 9) filed by BlackRock Inc. to update its beneficial ownership of common stock in Marsh & McLennan Companies Inc. as of December 31, 2023, under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a security broker, dealer & flotation company based in New York, NY, with CIK 0001364742.
What is the subject company of this filing?
The subject company is MARSH & MCLENNAN COMPANIES, INC., an insurance agent, broker & services company based in New York, NY, with CIK 0000062709.
How many shares of Marsh & McLennan Companies Inc. common stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 57,174,810 shares of Marsh & McLennan Companies Inc. common stock as of December 31, 2023.
What percentage of Marsh & McLennan Companies Inc. does BlackRock Inc. own?
BlackRock Inc. owns 11.6% of the common stock of Marsh & McLennan Companies Inc. as reported in this filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding MARSH & MCLENNAN COMPANIES, INC. (MRSH).