Deutsche Bank AG bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,113,644 shares of the financial services provider's stock, valued at approximately $685,621,000. Deutsche Bank AG owned about 0.86% of Marsh & McLennan Companies at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in MRSH. PFG Investments LLC raised its holdings in shares of Marsh & McLennan Companies by 3.3% during the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider's stock worth $326,000 after acquiring an additional 56 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 0.8% in the second quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider's stock valued at $1,823,000 after purchasing an additional 69 shares in the last quarter. MMA Asset Management LLC raised its stake in Marsh & McLennan Companies by 1.7% during the fourth quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider's stock valued at $757,000 after purchasing an additional 70 shares in the last quarter. Continuum Advisory LLC lifted its position in Marsh & McLennan Companies by 5.3% during the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider's stock valued at $252,000 after purchasing an additional 73 shares during the last quarter. Finally, Clearstead Trust LLC grew its stake in shares of Marsh & McLennan Companies by 12.6% in the 1st quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider's stock worth $116,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.
Insider Activity at Marsh & McLennan Companies
In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the transaction, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,469 shares of company stock valued at $6,291,345 over the last ninety days. Company insiders own 0.38% of the company's stock.
Marsh & McLennan Companies Trading Down 1.8%
MRSH stock opened at $184.41 on Tuesday. The stock has a market cap of $88.00 billion, a PE ratio of 22.54, a PEG ratio of 2.69 and a beta of 0.59. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $213.80. The business's 50-day moving average price is $178.11. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14.
Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies's quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.
Marsh & McLennan Companies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. Marsh & McLennan Companies's dividend payout ratio is 48.41%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on MRSH. Cantor Fitzgerald upped their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Citigroup cut Marsh & McLennan Companies from a "buy" rating to a "neutral" rating and set a $200.00 price objective on the stock. in a research note on Wednesday, July 22nd. Morgan Stanley decreased their price objective 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. Weiss Ratings upgraded Marsh & McLennan Companies from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Finally, UBS Group boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and a consensus price target of $201.94.
Check Out Our Latest Analysis on MRSH
Marsh & McLennan Companies Company Profile
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Free Report)
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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