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

Siemens Fonds Invest GmbH increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 8.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,717 shares of the financial services provider’s stock after buying an additional 2,953 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Marsh & McLennan Companies were worth $7,803,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MRSH. Rockland Trust Co. raised its holdings in shares of Marsh & McLennan Companies by 801.6% in the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock valued at $2,433,000 after purchasing an additional 10,734 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after purchasing an additional 837,117 shares during the last quarter. Navera Investment Management Ltd. grew its position in Marsh & McLennan Companies by 7.0% in 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 purchasing an additional 105,954 shares in the last quarter. Barclays PLC increased its stake in Marsh & McLennan Companies by 41.7% in the 3rd quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock valued at $443,844,000 after buying an additional 647,987 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its position in Marsh & McLennan Companies by 4.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock worth $15,356,000 after buying an additional 3,177 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MRSH. Mizuho restated a “neutral” rating and issued a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a report on Friday, February 27th. Weiss Ratings started coverage on Marsh & McLennan Companies in a research report on Thursday, January 29th. They set a “hold (c)” rating for the company. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $205.00 to $206.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Finally, Wells Fargo & Company increased their price objective on Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $216.12.

Marsh & McLennan Companies Trading Up 0.8%

Shares of NYSE:MRSH opened at $172.18 on Friday. 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. The stock has a market capitalization of $83.36 billion, a P/E ratio of 20.42, a PEG ratio of 2.33 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 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 paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is 42.70%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction 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 transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

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.