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

Danske Bank A S purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 and hedge funds have also bought and sold shares of the company. State Street Corp increased its position in shares of Marsh & McLennan Companies by 0.4% during the third quarter. State Street Corp now owns 21,538,014 shares of the financial services provider’s stock valued at $4,340,556,000 after acquiring an additional 96,436 shares in the last quarter. Capital International Investors boosted its stake in Marsh & McLennan Companies by 1.2% during the 3rd quarter. Capital International Investors now owns 18,590,697 shares of the financial services provider’s stock valued at $3,745,889,000 after purchasing an additional 221,033 shares during the last quarter. Capital World Investors increased its holdings in shares of Marsh & McLennan Companies by 0.5% in the 3rd quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider’s stock worth $3,567,410,000 after purchasing an additional 92,767 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Marsh & McLennan Companies by 9.1% in the third quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after purchasing an additional 1,260,434 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Marsh & McLennan Companies by 0.7% during the third quarter. Capital Research Global Investors now owns 9,861,067 shares of the financial services provider’s stock valued at $1,987,301,000 after purchasing an additional 68,826 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $171.18 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day simple moving average of $178.71. The stock has a market cap of $82.87 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.34 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 52-week low of $164.89 and a 52-week high of $248.00.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently announced 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 is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio is currently 42.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MRSH shares. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. 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 report on Monday, February 2nd. Citigroup raised their target price on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Barclays reduced their target price on shares of Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $216.12.

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.