Swiss Life Asset Management Ltd Has $24.96 Million Stake in Marsh & McLennan Companies, Inc. $MRSH

Swiss Life Asset Management Ltd raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,542 shares of the financial services provider’s stock after purchasing an additional 11,648 shares during the period. Swiss Life Asset Management Ltd’s holdings in Marsh & McLennan Companies were worth $24,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kepler Cheuvreux Suisse SA increased its position in shares of Marsh & McLennan Companies by 2.6% during the fourth quarter. Kepler Cheuvreux Suisse SA now owns 10,089 shares of the financial services provider’s stock worth $1,872,000 after acquiring an additional 255 shares in the last quarter. Drive Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 11.4% during the fourth quarter. Drive Wealth Management LLC now owns 1,502 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 154 shares during the last quarter. Pure Financial Advisors LLC boosted its holdings in Marsh & McLennan Companies by 6.8% during the fourth quarter. Pure Financial Advisors LLC now owns 2,824 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 180 shares during the last quarter. Income Insurance Ltd purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $272,000. Finally, NewEdge Wealth LLC boosted its holdings in Marsh & McLennan Companies by 16.8% during the fourth quarter. NewEdge Wealth LLC now owns 15,905 shares of the financial services provider’s stock worth $2,951,000 after purchasing an additional 2,285 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.1%

Shares of MRSH stock opened at $161.48 on Tuesday. The stock has a market cap of $77.80 billion, a PE ratio of 20.19, a P/E/G ratio of 2.38 and a beta of 0.65. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The company’s 50 day simple moving average is $171.77. Marsh & McLennan Companies, Inc. has a 12 month low of $161.38 and a 12 month high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MRSH shares. Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Monday, April 27th. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Wednesday, May 6th. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Finally, Mizuho cut their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $205.00.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.

About Marsh & McLennan Companies

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.