Commerzbank Aktiengesellschaft FI Purchases New Stake in Marsh & McLennan Companies, Inc. $MRSH

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,543 shares of the financial services provider’s stock, valued at approximately $2,591,000.

Other large investors also recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $25,000. Asset Dedication LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $25,000. SHP Wealth Management purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $27,000. Finally, Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at about $27,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 713 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total value of $141,174.00. Following the sale, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value 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 represents a 29.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 36,469 shares of company stock worth $6,291,345. 0.38% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $184.41 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $213.80. The stock has a market cap of $88.00 billion, a PE ratio of 22.54, a PEG ratio of 2.69 and a beta of 0.59. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average of $178.11.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm had revenue of $7.28 billion for the quarter. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, July 23rd. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s payout ratio is presently 48.41%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MRSH shares. Mizuho raised their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Cantor Fitzgerald raised their target price on Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $201.94.

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.