Edmond DE Rothschild Holding S.A. Purchases New Holdings in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Edmond DE Rothschild Holding acquired 13,738 shares of Marsh & McLennan Companies worth approximately $2.29 million. Institutional investors collectively own 87.99% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $203.50. The stock recently traded at $190.26, below its 12-month high of $212.65.
• Marsh & McLennan exceeded quarterly earnings expectations, reporting $2.96 EPS and $7.28 billion in revenue, while revenue rose 6.2% year over year. The company also increased its quarterly dividend to $0.99, or $3.96 annually.

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,738 shares of the financial services provider's stock, valued at approximately $2,290,000.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Marsh & McLennan Companies during the second quarter worth about $6,583,806,000. State Street Corp bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $4,057,682,000. Capital International Investors acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $3,482,557,000. Capital World Investors bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $3,140,284,000. Finally, Wellington Management Group LLP acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $2,967,927,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 26th. UBS Group upped their price target on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Citigroup downgraded shares of Marsh & McLennan Companies from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Finally, Mizuho lifted their price target on Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a "neutral" rating in a report on Wednesday, July 22nd. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $203.50.

Marsh & McLennan Companies Trading Up 0.6%

Shares of NYSE:MRSH opened at $190.26 on Friday. The firm has a 50 day moving average price of $179.41. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $212.65. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. The firm has a market cap of $90.79 billion, a PE ratio of 23.26, a PEG ratio of 2.71 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $7.28 billion for the quarter. The company's revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.90. Marsh & McLennan Companies's dividend payout ratio is 48.41%.

Insiders Place Their Bets

In other news, Director Lloyd M. Yates sold 12,000 shares of the business's stock in a transaction on Thursday, July 23rd. The stock was 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 owned 12,001 shares of the company's stock, valued at approximately $2,107,975.65. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Q. Doyle sold 16,656 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,469 shares of company stock worth $6,291,345 over the last 90 days. Corporate insiders own 0.38% of the company's stock.

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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