Marsh & McLennan Companies, Inc. $MRSH Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 215,758 shares of the financial services provider’s stock after purchasing an additional 14,929 shares during the quarter. Handelsbanken Fonder AB’s holdings in Marsh & McLennan Companies were worth $35,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. PFG Investments LLC lifted its stake in shares of Marsh & McLennan Companies by 3.3% during the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock valued at $326,000 after buying an additional 56 shares during the period. EP Wealth Advisors LLC grew its stake in Marsh & McLennan Companies by 0.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock worth $1,823,000 after acquiring an additional 69 shares during the period. MMA Asset Management LLC raised its holdings in Marsh & McLennan Companies by 1.7% in the 4th quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider’s stock valued at $757,000 after acquiring an additional 70 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of Marsh & McLennan Companies by 5.2% during the 4th quarter. Clear Creek Financial Management LLC now owns 1,449 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 72 shares during the period. Finally, Continuum Advisory LLC grew its position in shares of Marsh & McLennan Companies by 5.3% in the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 73 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.2%

MRSH stock opened at $191.14 on Wednesday. The stock has a market capitalization of $91.21 billion, a P/E ratio of 23.37, a PEG ratio of 2.74 and a beta of 0.59. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day moving average price is $176.05. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $213.80.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping 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. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts forecast 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 will be paid on Friday, August 14th. Shareholders of record on Thursday, July 23rd will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, July 23rd. Marsh & McLennan Companies’s dividend payout ratio is presently 48.41%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 713 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the completion of the sale, the senior vice president directly owned 16,376 shares of the company’s stock, valued at approximately $3,242,448. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Martin South sold 7,100 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of the sale, the insider owned 16,632 shares of the company’s stock, valued at approximately $3,159,913.68. This represents a 29.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,469 shares of company stock valued at $6,291,345 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

MRSH has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Piper Sandler lowered their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Citigroup downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, July 22nd. Cantor Fitzgerald boosted their target price on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, Weiss Ratings raised shares of Marsh & McLennan Companies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $201.94.

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.