170,509 Shares in Marsh & McLennan Companies, Inc. $MRSH Acquired by Nykredit A S

Nykredit A S acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 170,509 shares of the financial services provider’s stock, valued at approximately $28,419,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MRSH. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter worth $29,000. Solstein Capital LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter worth $25,000. SHP Wealth Management purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $25,000. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Lloyd Yates sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total value of $2,107,800.00. Following the sale, the director directly owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Martin South sold 7,100 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the transaction, the insider directly owned 16,632 shares of the company’s stock, valued at approximately $3,159,913.68. This trade represents a 29.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,813 shares of company stock valued at $3,597,903 in the last three months. 0.38% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

MRSH stock opened at $188.42 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $207.82. The stock has a market cap of $89.92 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.61 and a beta of 0.58. The stock’s 50 day moving average price is $184.77. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. The company had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The business’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 10.44 earnings per share 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 issued a dividend of $0.99 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MRSH shares. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings raised Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Morgan Stanley lifted their price target on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Finally, UBS Group upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $203.50.

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.