Swiss Life Asset Management Ltd Has $24.96 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Swiss Life Asset Management Ltd lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,542 shares of the financial services provider’s stock after buying an additional 11,648 shares during the period. Swiss Life Asset Management Ltd’s holdings in Marsh & McLennan Companies were worth $24,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MRSH. Pinnacle Bancorp Inc. acquired a new stake in shares of Marsh & McLennan Companies in the third quarter worth $25,000. City Holding Co. acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at $29,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies during the second quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies during the third quarter valued at $30,000. Finally, Financial Life Planners acquired a new stake in Marsh & McLennan Companies during the third quarter valued at $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $161.48 on Tuesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $235.78. The business has a 50-day moving average of $171.77. The firm has a market capitalization of $77.80 billion, a PE ratio of 20.19, a P/E/G ratio of 2.38 and a beta of 0.65. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company had revenue of $7.30 billion during the quarter. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 10.37 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Ratings Changes

MRSH has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada reissued 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. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Monday, April 27th. Barclays reduced their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $205.00.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 4th. The stock was 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. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.38% 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.