J. Safra Sarasin Holding AG Acquires New Holdings in Marsh & McLennan Companies, Inc. $MRSH

J. Safra Sarasin Holding AG purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,652 shares of the financial services provider’s stock, valued at approximately $633,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MRSH. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $25,000. SHP Wealth Management acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MRSH. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Piper Sandler cut their target price on 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. Barclays lowered their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Mizuho upped their price objective on shares of Marsh & McLennan Companies from $194.00 to $197.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley lowered their target price on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $200.81.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’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 transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Down 1.0%

Shares of Marsh & McLennan Companies stock opened at $176.29 on Thursday. The company has a market cap of $85.17 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.59 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $216.32.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company had revenue of $7.30 billion during the quarter. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, July 23rd. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 45.00%.

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.