Union Bancaire Privee UBP SA Cuts Position in Marsh & McLennan Companies, Inc. $MRSH

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

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Marsh & McLennan Companies by 0.4% during the third quarter. State Street Corp now owns 21,538,014 shares of the financial services provider’s stock valued at $4,340,556,000 after purchasing an additional 96,436 shares in the last quarter. Capital International Investors raised its position in shares of Marsh & McLennan Companies by 1.2% during the 3rd quarter. Capital International Investors now owns 18,590,697 shares of the financial services provider’s stock worth $3,745,889,000 after purchasing an additional 221,033 shares during the last quarter. Capital World Investors lifted its stake in Marsh & McLennan Companies by 0.5% in the 3rd quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider’s stock valued at $3,567,410,000 after buying an additional 92,767 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Marsh & McLennan Companies by 9.1% in the 3rd quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after buying an additional 1,260,434 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in Marsh & McLennan Companies by 0.7% during the 3rd quarter. Capital Research Global Investors now owns 9,861,067 shares of the financial services provider’s stock worth $1,987,301,000 after buying an additional 68,826 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

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 stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

MRSH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $205.00 to $206.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Morgan Stanley raised their price target on shares of Marsh & McLennan Companies from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Cantor Fitzgerald increased their price objective on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $216.12.

Marsh & McLennan Companies Trading Up 3.0%

Shares of NYSE:MRSH opened at $176.00 on Friday. The firm has a market cap of $85.21 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 12-month low of $164.89 and a 12-month high of $248.00. The business’s 50-day simple moving average is $178.29. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The company had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same quarter last year, the firm posted $1.87 earnings per share. Marsh & McLennan Companies’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced 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 (DPR) is 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.