Mitsubishi UFJ Asset Management Co. Ltd. Invests $200.06 Million in Marsh & McLennan Companies, Inc. $MRSH

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,199,699 shares of the financial services provider’s stock, valued at approximately $200,060,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Marsh & McLennan Companies at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. PFG Investments LLC increased its holdings in shares of Marsh & McLennan Companies by 3.3% during the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 56 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Marsh & McLennan Companies by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock worth $1,823,000 after buying an additional 69 shares in the last quarter. MMA Asset Management LLC grew its position in Marsh & McLennan Companies by 1.7% during the fourth quarter. MMA Asset Management LLC now owns 4,083 shares of the financial services provider’s stock valued at $757,000 after buying an additional 70 shares during the period. Continuum Advisory LLC raised its position in shares of Marsh & McLennan Companies by 5.3% in the first quarter. Continuum Advisory LLC now owns 1,452 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 73 shares during the period. Finally, Clearstead Trust LLC grew its position in shares of Marsh & McLennan Companies by 12.6% during the 1st quarter. Clearstead Trust LLC now owns 668 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MRSH shares. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Mizuho increased their target price on Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Morgan Stanley cut their price target on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating for the company in a report on Monday, July 6th. Cantor Fitzgerald upped their price objective on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $201.94.

Marsh & McLennan Companies Stock Performance

NYSE:MRSH opened at $184.41 on Tuesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $213.80. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day moving average is $178.11. The stock has a market cap of $88.00 billion, a PE ratio of 22.54, a P/E/G ratio of 2.69 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The company had revenue of $7.28 billion for the quarter. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were issued a dividend of $0.99 per share. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 48.41%.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total value of $141,174.00. Following the completion of the transaction, the senior vice president owned 16,376 shares in the company, valued at approximately $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd M. Yates sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the sale, the director owned 12,001 shares in the company, valued at approximately $2,107,975.65. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 36,469 shares of company stock valued at $6,291,345. 0.38% of the stock is owned by insiders.

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.