Edmond DE Rothschild Holding S.A. Acquires New Shares in Marsh & McLennan Companies, Inc. $MRSH

Edmond DE Rothschild Holding S.A. 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 13F filing with the Securities and Exchange Commission. The fund acquired 13,738 shares of the financial services provider’s stock, valued at approximately $2,290,000.

Several other large investors have also recently bought and sold shares of the company. Madison Asset Management LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $57,164,000. Johnson Financial Group Inc. acquired a new position in Marsh & McLennan Companies in the 2nd quarter valued at approximately $46,000. West Family Investments Inc. bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at $839,000. NewEdge Wealth LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter worth $593,000. Finally, Danske Bank A S bought a new stake in shares of Marsh & McLennan Companies in the second quarter worth $46,463,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MRSH has been the subject of several analyst reports. Citigroup lowered Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, July 22nd. Cantor Fitzgerald increased their price target on Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Mizuho lifted their price objective on Marsh & McLennan Companies from $197.00 to $201.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Piper Sandler reduced their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Finally, Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $203.50.

Marsh & McLennan Companies Trading Up 0.6%

Shares of MRSH opened at $190.26 on Friday. 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’s fifty day moving average price is $179.41. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $212.65. The company has a market capitalization of $90.79 billion, a PE ratio of 23.26, a P/E/G ratio of 2.71 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The company had revenue of $7.28 billion for the quarter. Marsh & McLennan Companies’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 48.41%.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the sale, the senior vice president owned 16,376 shares of the company’s stock, valued at approximately $3,242,448. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 36,469 shares of company stock worth $6,291,345. Corporate insiders own 0.38% of the company’s stock.

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.