Munich Reinsurance Co Stock Corp in Munich Buys New Shares in Marsh & McLennan Companies, Inc. $MRSH

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, Holdings Channel reports. The firm purchased 460,618 shares of the financial services provider’s stock, valued at approximately $79,894,000. Marsh & McLennan Companies accounts for about 2.0% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $25,000. SHP Wealth Management acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $27,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRSH. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Morgan Stanley reduced their price target on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Monday. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, UBS Group upped their price target on shares of Marsh & McLennan Companies from $203.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $199.81.

Marsh & McLennan Companies Trading Up 0.5%

MRSH opened at $178.87 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $216.32. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $86.41 billion, a PE ratio of 22.36, a PEG ratio of 2.59 and a beta of 0.61.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, July 23rd. This is a positive change 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 2.2%. Marsh & McLennan Companies’s dividend payout ratio is presently 45.00%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

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.