Union Bancaire Privee UBP SA Sells 14,080 Shares of Marsh & McLennan Companies, Inc. $MRSH

Union Bancaire Privee UBP SA cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 35.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,678 shares of the financial services provider’s stock after selling 14,080 shares during the period. Union Bancaire Privee UBP SA’s holdings in Marsh & McLennan Companies were worth $4,764,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Numerai GP LLC grew its position in Marsh & McLennan Companies by 966.2% during the third quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider’s stock worth $7,501,000 after buying an additional 33,729 shares in the last quarter. Rockland Trust Co. increased its position in shares of Marsh & McLennan Companies by 801.6% during the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock valued at $2,433,000 after purchasing an additional 10,734 shares during the period. Navera Investment Management Ltd. raised its stake in shares of Marsh & McLennan Companies by 7.0% in the third quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock valued at $327,303,000 after purchasing an additional 105,954 shares in the last quarter. Barclays PLC lifted its position in Marsh & McLennan Companies by 41.7% in the third quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock worth $443,844,000 after purchasing an additional 647,987 shares during the period. Finally, Bridges Investment Management Inc. increased its holdings in Marsh & McLennan Companies by 4.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock valued at $15,356,000 after buying an additional 3,177 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MRSH. Weiss Ratings began coverage on shares of Marsh & McLennan Companies in a research report on Thursday, January 29th. They set a “hold (c)” rating on the stock. JPMorgan Chase & Co. dropped their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Wells Fargo & Company upped their price objective 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. Barclays cut their target price on Marsh & McLennan Companies from $210.00 to $209.00 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $200.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $216.12.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

MRSH opened at $176.00 on Friday. The company has a market capitalization of $85.21 billion, a PE ratio of 20.88, a P/E/G ratio of 2.33 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a one year low of $164.89 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50 day moving average is $178.29.

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 business 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 firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 earnings per share. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is currently 42.70%.

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.