Meiji Yasuda Asset Management Co Ltd. Has $4.31 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 18.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,227 shares of the financial services provider’s stock after purchasing an additional 3,664 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Marsh & McLennan Companies were worth $4,309,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MRSH. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth approximately $29,000. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $30,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $32,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $34,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In related 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 transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

MRSH has been the topic of a number of recent analyst reports. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Barclays cut their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Bank of America dropped their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $205.00.

Marsh & McLennan Companies Stock Down 0.6%

NYSE MRSH opened at $164.14 on Friday. The company has a market capitalization of $79.08 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.41 and a beta of 0.65. Marsh & McLennan Companies, Inc. has a 52 week low of $158.16 and a 52 week high of $235.78. The firm’s 50 day moving average price is $168.09. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSH) last released 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. The firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.2%. Marsh & McLennan Companies’s dividend payout ratio is 45.00%.

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.