Czech National Bank Has $23.97 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Czech National Bank lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,182 shares of the financial services provider’s stock after buying an additional 4,319 shares during the quarter. Czech National Bank’s holdings in Marsh & McLennan Companies were worth $23,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MRSH. Hanson & Doremus Investment Management raised its stake in Marsh & McLennan Companies by 31.3% in the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 51 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Marsh & McLennan Companies by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock worth $910,000 after purchasing an additional 54 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 56 shares during the period. Bank of Nova Scotia Trust Co. raised its position in shares of Marsh & McLennan Companies by 6.7% in the second quarter. Bank of Nova Scotia Trust Co. now owns 949 shares of the financial services provider’s stock valued at $207,000 after buying an additional 60 shares in the last quarter. Finally, Lindenwold Advisors INC boosted its stake in shares of Marsh & McLennan Companies by 0.4% in the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock valued at $3,022,000 after buying an additional 62 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Mizuho restated a “neutral” rating and set a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a research note on Friday, February 27th. Citigroup increased 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. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a research note on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. Finally, Morgan Stanley raised their target price on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. One research 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $212.06.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $173.92 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $164.89 and a fifty-two week high of $248.00. The firm has a fifty day simple moving average of $176.71. 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 firm has a market cap of $84.20 billion, a P/E ratio of 20.63, a PEG ratio of 2.36 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. The business had revenue of $6.60 billion during 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%.Marsh & McLennan Companies’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.87 EPS. On average, equities analysts predict 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. Stockholders of record on Thursday, April 9th will be issued a $0.90 dividend. The ex-dividend date of this dividend 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 42.70%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

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.