Danske Bank A S Invests $52.16 Million in Marsh & McLennan Companies, Inc. $MRSH

Danske Bank A S purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 258,814 shares of the financial services provider’s stock, valued at approximately $52,159,000. Danske Bank A S owned about 0.05% of Marsh & McLennan Companies at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC lifted its position in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 869 shares during the period. Meridian Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 29.8% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,172 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 269 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of Marsh & McLennan Companies by 1.5% during the 2nd quarter. Avantax Advisory Services Inc. now owns 29,723 shares of the financial services provider’s stock worth $6,499,000 after buying an additional 428 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Marsh & McLennan Companies by 21.3% during the second quarter. Rockefeller Capital Management L.P. now owns 78,213 shares of the financial services provider’s stock worth $17,461,000 after buying an additional 13,759 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MRSH shares. Mizuho reaffirmed a “neutral” rating and issued a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a research note on Friday, February 27th. Evercore cut their price target on 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. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Cantor Fitzgerald raised their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $216.12.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Up 0.1%

MRSH opened at $171.18 on Thursday. The company has a market cap of $82.87 billion, a PE ratio of 20.31, a P/E/G ratio of 2.34 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 12 month low of $164.89 and a 12 month high of $248.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day moving average price of $178.71.

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

Marsh & McLennan Companies Dividend Announcement

The business 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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 42.70%.

Marsh & McLennan Companies 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.