Resona Asset Management Co. Ltd. lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 162,466 shares of the financial services provider’s stock after selling 6,126 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $30,200,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $29,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $30,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Finally, Elyxium Wealth LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 87.99% of the company’s stock.
Marsh & McLennan Companies Trading Down 0.1%
Marsh & McLennan Companies stock opened at $165.98 on Wednesday. The business’s 50 day moving average price is $169.23. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The company has a market cap of $79.97 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.42 and a beta of 0.65. Marsh & McLennan Companies, Inc. has a 1-year low of $158.16 and a 1-year high of $235.78.
Marsh & McLennan Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 45.00%.
Analysts Set New Price Targets
MRSH has been the subject of several research reports. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Cantor Fitzgerald increased their price objective on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $205.00.
Read Our Latest Research Report on Marsh & McLennan Companies
Insider Activity
In related news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.
About Marsh & McLennan Companies
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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