Te Ahumairangi Investment Management Ltd Has $4.66 Million Holdings in Marsh & McLennan Companies, Inc. $MRSH

Te Ahumairangi Investment Management Ltd boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 43.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,107 shares of the financial services provider’s stock after purchasing an additional 7,000 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $4,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MRSH. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at $1,328,587,000. Soundwatch Capital LLC acquired a new position in Marsh & McLennan Companies during the 2nd quarter worth about $560,820,000. Mackenzie Financial Corp grew its holdings in Marsh & McLennan Companies by 212.6% during the 2nd quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock worth $499,635,000 after acquiring an additional 1,554,114 shares during the last quarter. Amundi increased its position in Marsh & McLennan Companies by 89.2% in the 2nd quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock valued at $615,309,000 after acquiring an additional 1,363,706 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Marsh & McLennan Companies by 654.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider’s stock worth $285,992,000 after acquiring an additional 1,231,059 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.8%

NYSE MRSH traded up $1.36 during trading hours on Friday, hitting $172.24. The company’s stock had a trading volume of 199,902 shares, compared to its average volume of 2,983,137. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. Marsh & McLennan Companies, Inc. has a twelve month low of $170.37 and a twelve month high of $248.00. The firm has a market capitalization of $83.38 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.37 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. The company had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.60 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.70%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Weiss Ratings initiated coverage on Marsh & McLennan Companies in a research note on Thursday, January 29th. They issued a “hold (c)” rating for the company. Cantor Fitzgerald upped their price target on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley raised their price target on Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $216.12.

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.