Handelsbanken Fonder AB increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,758 shares of the financial services provider’s stock after buying an additional 14,929 shares during the period. Handelsbanken Fonder AB’s holdings in Marsh & McLennan Companies were worth $35,960,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss Life Asset Management Ltd lifted its position in shares of Marsh & McLennan Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider’s stock worth $24,960,000 after purchasing an additional 11,648 shares during the last quarter. Essex LLC bought a new stake in Marsh & McLennan Companies in the first quarter valued at about $2,891,000. Vanguard Group Inc. raised its stake in Marsh & McLennan Companies by 0.8% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Marsh & McLennan Companies by 20.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,934 shares of the financial services provider’s stock worth $16,499,000 after buying an additional 15,166 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in shares of Marsh & McLennan Companies by 26.6% in the 4th quarter. Benjamin Edwards Inc. now owns 35,293 shares of the financial services provider’s stock worth $6,549,000 after acquiring an additional 7,418 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.
Marsh & McLennan Companies Price Performance
NYSE:MRSH opened at $191.14 on Wednesday. The firm has a market cap of $91.21 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 2.74 and a beta of 0.59. The firm’s 50 day moving average is $176.05. 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 12-month low of $156.60 and a 12-month high of $213.80.
Marsh & McLennan Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be issued a $0.99 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is 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 is 48.41%.
Insider Activity
In other Marsh & McLennan Companies news, Director Lloyd M. Yates sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the completion of the transaction, the director directly owned 12,001 shares of the company’s stock, valued at $2,107,975.65. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Paul Beswick sold 713 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 16,376 shares of the company’s stock, valued at approximately $3,242,448. This trade represents 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. In the last quarter, insiders have sold 36,469 shares of company stock valued at $6,291,345. 0.38% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Bank of America reduced their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Piper Sandler lowered their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $201.94.
Get Our Latest Research Report on Marsh & McLennan Companies
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.
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