Universal Beteiligungs und Servicegesellschaft mbH Has $100.51 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH
by Doug Wharley · The Cerbat GemUniversal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 7.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 538,931 shares of the financial services provider’s stock after buying an additional 38,118 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Marsh & McLennan Companies were worth $100,510,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MRSH. Pinnacle Bancorp Inc. acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth about $25,000. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $29,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $30,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Marsh & McLennan Companies 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 transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The transaction 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 corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MRSH shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Weiss Ratings started coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They issued a “hold (c)” rating on the stock. Keefe, Bruyette & Woods upped their target price 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. Bank of America dropped their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $205.33.
Get Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Stock Down 0.1%
Marsh & McLennan Companies stock opened at $178.87 on Wednesday. The company has a market cap of $86.18 billion, a PE ratio of 22.36, a P/E/G ratio of 2.60 and a beta of 0.75. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a twelve month low of $164.89 and a twelve month high of $235.78. The firm has a 50-day moving average of $173.97.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.33 earnings per share for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is currently 45.00%.
Marsh & McLennan Companies 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.
See Also
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