Daiichi Life Insurance Co. Ltd. purchased a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 274,795 shares of the company’s stock, valued at approximately $35,311,000. Merck KGaA accounts for 0.8% of Daiichi Life Insurance Co. Ltd.’s holdings, making the stock its 28th largest position.
A number of other institutional investors have also modified their holdings of the business. Danske Bank A S acquired a new stake in Merck KGaA during the second quarter worth about $276,535,000. Korea Investment CORP bought a new position in Merck KGaA in the second quarter worth about $239,191,000. Great Lakes Advisors LLC acquired a new position in Merck KGaA in the second quarter valued at approximately $183,444,000. Commerce Bank acquired a new position in Merck KGaA in the second quarter valued at approximately $159,152,000. Finally, Ieq Capital LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $102,699,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.7%
Shares of OTCMKTS MKGAF opened at $163.21 on Friday. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The company has a market cap of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $162.62 and its 200 day simple moving average is $148.46.
Merck KGaA Company Profile
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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