B. Metzler seel. Sohn & Co. AG reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 78.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,253 shares of the financial services provider’s stock after selling 148,508 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Marsh & McLennan Companies were worth $7,469,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of MRSH. Pinnacle Bancorp Inc. acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at $25,000. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $29,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at $30,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at $32,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.
Marsh & McLennan Companies Stock Performance
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate 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% compared to the same quarter last year. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 10.35 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 given 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 is currently 45.00%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $200.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. JPMorgan Chase & Co. decreased their price target 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. Evercore decreased their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $205.33.
Check Out Our Latest Report on MRSH
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.
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