AMF Tjanstepension AB Takes $44.67 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• AMF Tjanstepension AB disclosed a new position in Marsh & McLennan Companies, buying 257,521 shares worth about $44.67 million in the first quarter.
• Marsh & McLennan reported Q1 earnings of $3.29 per share, topping estimates, while revenue rose 7.6% year over year to $7.30 billion.
• The company raised its quarterly dividend to $0.99 per share from $0.90, and analysts currently have an overall Hold rating with an average price target of $200.44.

AMF Tjanstepension AB purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 257,521 shares of the financial services provider's stock, valued at approximately $44,667,000. AMF Tjanstepension AB owned 0.05% of Marsh & McLennan Companies as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after buying an additional 2,960 shares during the last quarter. Bison Wealth LLC lifted its position in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock worth $651,000 after acquiring an additional 869 shares during the period. Glenview Trust co grew its stake in shares of Marsh & McLennan Companies by 10.8% in the 2nd quarter. Glenview Trust co now owns 3,897 shares of the financial services provider's stock valued at $852,000 after purchasing an additional 379 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 18,440.0% in the second quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider's stock valued at $203,000 after purchasing an additional 922 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in Marsh & McLennan Companies in the 2nd quarter valued at $1,307,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRSH has been the subject of several analyst reports. Piper Sandler cut their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating for the company in a report on Tuesday, May 26th. Morgan Stanley dropped their target price on Marsh & McLennan Companies from $180.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Monday, July 6th. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a "market perform" rating in a research note on Friday, April 17th. Barclays dropped their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Finally, Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $200.44.

Marsh & McLennan Companies Stock Performance

MRSH opened at $178.52 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $216.32. The company has a market capitalization of $86.24 billion, a P/E ratio of 22.32, a PEG ratio of 2.60 and a beta of 0.61. 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 (NYSE:MRSH - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $3.21 by $0.08. The business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be given a $0.99 dividend. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, July 23rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 45.00%.

Insider Activity

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by corporate insiders.

Key Headlines Impacting Marsh & McLennan Companies

Here are the key news stories impacting Marsh & McLennan Companies this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on Marsh & McLennan to $218 and reiterated an overweight rating, signaling strong upside expectations. Marsh & McLennan Companies NYSE: MRSH Given New $218.00 Price Target at Cantor Fitzgerald
• Positive Sentiment: Mizuho also lifted its price target to $197, keeping a neutral rating, which still reflects a more favorable valuation view. Marsh & McLennan Companies NYSE: MRSH Price Target Raised to $197.00 at Mizuho
• Positive Sentiment: UBS maintained its buy rating on Marsh & McLennan, reinforcing a broadly positive analyst stance on the shares. UBS Sticks to Their Buy Rating for Marsh & McLennan Companies (MRSH)
• Positive Sentiment: Marsh & McLennan increased its quarterly dividend by 10% to $0.99 per share, highlighting strong cash generation and shareholder-friendly capital allocation. Marsh Raises Dividend: Is Its Capital Return Story Getting Stronger?
• Neutral Sentiment: The company also declared the dividend formally for shareholders of record on July 23, which confirms the payout timing but is not a new catalyst. Marsh & McLennan Companies dividend announcement

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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