Mitsubishi UFJ Asset Management Co. Ltd. Has $193.27 Million Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Mitsubishi UFJ Asset Management raised its stake in Marsh & McLennan by 5.7% to 1,058,647 shares, now valued at about $193.27 million (roughly 0.22% ownership).
• CEO John Q. Doyle sold 16,655 shares on March 4 at an average price of $183.30, reducing his holding by 12.48%; corporate insiders own 0.38% of the company.
• Marsh & McLennan beat expectations with EPS of $3.29 (vs. $3.21) and $7.30 billion in revenue (up 7.6%), and declared a quarterly dividend of $0.90 ($3.60 annual, ~2.2% yield).

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,058,647 shares of the financial services provider's stock after buying an additional 56,621 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of Marsh & McLennan Companies worth $193,269,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MRSH. Numerai GP LLC boosted its position in shares of Marsh & McLennan Companies by 966.2% during the 3rd quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider's stock worth $7,501,000 after purchasing an additional 33,729 shares in the last quarter. Rockland Trust Co. raised its stake in Marsh & McLennan Companies by 801.6% during the 3rd quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider's stock worth $2,433,000 after buying an additional 10,734 shares during the period. Barclays PLC grew its stake in Marsh & McLennan Companies by 41.7% in the third quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider's stock valued at $443,844,000 after acquiring an additional 647,987 shares during the period. Navera Investment Management Ltd. increased its holdings in shares of Marsh & McLennan Companies by 7.0% during the third quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider's stock valued at $327,303,000 after acquiring an additional 105,954 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its position in shares of Marsh & McLennan Companies by 4.4% during the third quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider's stock worth $15,356,000 after purchasing an additional 3,177 shares during the period. 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 company's stock in a transaction on Wednesday, March 4th. The stock was 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 owned 116,811 shares in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.38% of the company's stock.

Marsh & McLennan Companies Price Performance

MRSH opened at $164.12 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $163.81 and a fifty-two week high of $235.78. The company has a market capitalization of $79.07 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.44 and a beta of 0.65. The firm's 50-day moving average price is $172.92. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion during the quarter. The company's revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 45.00%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Cantor Fitzgerald boosted their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an "overweight" rating in a research note on Monday, February 2nd. Barclays reduced 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 report on Wednesday, April 8th. JPMorgan Chase & Co. lowered 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. Raymond James Financial upgraded Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 price target for the company in a research note on Tuesday, February 17th. Finally, Citigroup raised Marsh & McLennan Companies from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $205.00.

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.

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