Siemens Fonds Invest GmbH Has $7.80 Million Stock Position in Marsh & McLennan Companies, Inc. $MRSH

Siemens Fonds Invest GmbH grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,717 shares of the financial services provider’s stock after purchasing an additional 2,953 shares during the period. Siemens Fonds Invest GmbH’s holdings in Marsh & McLennan Companies were worth $7,803,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the second quarter valued at about $29,000. Delos Wealth Advisors LLC acquired a new position in Marsh & McLennan Companies in the 2nd quarter valued at approximately $32,000. TruNorth Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $32,000. Finally, Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.8%

Marsh & McLennan Companies stock opened at $172.18 on Friday. The firm has a market cap of $83.36 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.33 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 52-week low of $170.37 and a 52-week high of $248.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.87 EPS. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is currently 42.70%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore cut their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research note on Wednesday, January 7th. Barclays lowered their price target on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $200.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Finally, Cantor Fitzgerald raised their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $216.12.

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.