Mirae Asset Global Investments Co. Ltd. Makes New $20.48 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the third quarter, HoldingsChannel.com reports. The firm purchased 119,936 shares of the financial services provider’s stock, valued at approximately $20,477,000.

Several other hedge funds have also recently made changes to their positions in MRSH. Profund Advisors LLC increased its holdings in Marsh & McLennan Companies by 10.1% in the third quarter. Profund Advisors LLC now owns 4,445 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 406 shares in the last quarter. Vise Technologies Inc. lifted its stake in Marsh & McLennan Companies by 7.6% in the third quarter. Vise Technologies Inc. now owns 20,727 shares of the financial services provider’s stock valued at $3,539,000 after buying an additional 1,459 shares during the period. Investment Partners LTD. boosted its holdings in shares of Marsh & McLennan Companies by 100.2% during the 3rd quarter. Investment Partners LTD. now owns 3,320 shares of the financial services provider’s stock worth $567,000 after buying an additional 1,662 shares in the last quarter. Americana Partners LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $294,000. Finally, Aprio Wealth Management LLC grew its position in shares of Marsh & McLennan Companies by 136.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 3,621 shares of the financial services provider’s stock worth $618,000 after buying an additional 2,088 shares during the period. 87.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MRSH shares. UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $216.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Jefferies Financial Group dropped their target price on shares of Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Mizuho increased their target price on shares of Marsh & McLennan Companies from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, October 19th. Erste Group Bank upgraded shares of Marsh & McLennan Companies to a “strong-buy” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $204.42.

Insider Buying and Selling

In related news, CEO Dean Klisura sold 4,194 shares of Marsh & McLennan Companies stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total value of $838,800.00. Following the completion of the sale, the chief executive officer owned 20,935 shares of the company’s stock, valued at approximately $4,187,000. This trade represents a 16.69% 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, VP Stacy Mills sold 1,215 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $243,000.00. Following the sale, the vice president owned 2,705 shares of the company’s stock, valued at $541,000. This trade represents a 30.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.38% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

MRSH stock opened at $205.66 on Tuesday. The business’s 50 day moving average price is $182.64. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $206.49. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.27. The firm has a market cap of $97.80 billion, a P/E ratio of 24.60, a P/E/G ratio of 2.60 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The business had revenue of $6.86 billion for the quarter. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.48 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. Marsh & McLennan Companies’s dividend payout ratio is presently 47.37%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.

Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.

Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.