Banque Pictet & Cie SA Has $52.30 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Banque Pictet & Cie SA cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,893 shares of the financial services provider’s stock after selling 19,166 shares during the period. Banque Pictet & Cie SA owned about 0.06% of Marsh & McLennan Companies worth $52,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake 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 during the last quarter. Capital International Investors increased its holdings in Marsh & McLennan Companies by 1.2% in the third 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 period. Capital World Investors increased its holdings in Marsh & McLennan Companies by 0.5% in the third quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider’s stock valued at $3,567,410,000 after purchasing an additional 92,767 shares during the period. Wellington Management Group LLP raised its position in Marsh & McLennan Companies by 9.1% during the 3rd 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 Marsh & McLennan Companies by 0.7% during the 3rd quarter. Capital Research Global Investors now owns 9,861,067 shares of the financial services provider’s stock worth $1,987,301,000 after buying an additional 68,826 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $171.96 on Thursday. The company has a market cap of $83.25 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75. The company’s 50-day simple moving average is $176.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. Marsh & McLennan Companies, Inc. has a one year low of $164.89 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. The firm had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.87 earnings per share. On average, sell-side analysts expect 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 paid 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 42.70%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Cantor Fitzgerald upped their target price on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a report on Friday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Finally, Citigroup increased their price objective on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $212.06.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

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.