PFA Pension Forsikringsaktieselskab Takes Position in Marsh & McLennan Companies, Inc. $MRSH

PFA Pension Forsikringsaktieselskab purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 388,354 shares of the financial services provider’s stock, valued at approximately $72,762,000. PFA Pension Forsikringsaktieselskab owned approximately 0.08% of Marsh & McLennan Companies as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Horizon Investments LLC increased its holdings in shares of Marsh & McLennan Companies by 39.9% in the 4th quarter. Horizon Investments LLC now owns 38,255 shares of the financial services provider’s stock valued at $7,097,000 after purchasing an additional 10,910 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in shares of Marsh & McLennan Companies by 44.4% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,991 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 612 shares in the last quarter. Danske Bank A S increased its holdings in shares of Marsh & McLennan Companies by 6.8% in the 4th quarter. Danske Bank A S now owns 276,484 shares of the financial services provider’s stock valued at $51,293,000 after purchasing an additional 17,670 shares in the last quarter. Activest Wealth Management grew its stake in Marsh & McLennan Companies by 1,754.5% in the 4th quarter. Activest Wealth Management now owns 204 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 193 shares during the last quarter. Finally, Delta Investment Management LLC grew its stake in Marsh & McLennan Companies by 3.4% in the 4th quarter. Delta Investment Management LLC now owns 3,622 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies 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 value of $3,052,861.50. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.8%

NYSE:MRSH opened at $166.38 on Friday. The stock has a market cap of $80.16 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.65. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50-day moving average price of $173.42. Marsh & McLennan Companies, Inc. has a 12-month low of $164.89 and a 12-month high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.36 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is 45.00%.

Analyst Ratings Changes

MRSH has been the topic of a number of research reports. Barclays lowered their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a research note on Tuesday, February 17th. Evercore lowered their price objective 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. Finally, Mizuho lowered their price objective on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $205.33.

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.