Siemens Fonds Invest GmbH Has $7.80 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Siemens Fonds Invest GmbH grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 8.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,717 shares of the financial services provider’s stock after buying an additional 2,953 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Marsh & McLennan Companies were worth $7,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MRSH. Pinnacle Bancorp Inc. bought a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter worth approximately $32,000. TruNorth Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies during the third quarter valued at approximately $32,000. Finally, Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

MRSH has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Keefe, Bruyette & Woods boosted their target price 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. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $199.00 to $203.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Evercore lowered their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Finally, Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $216.12.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred 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 $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MRSH stock opened at $172.18 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $170.37 and a twelve month high of $248.00. 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 capitalization of $83.36 billion, a PE ratio of 20.42, a P/E/G ratio of 2.33 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 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same period in the previous year, the firm earned $1.87 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared 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 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%.

Marsh & McLennan Companies Company 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.