Securian Asset Management Inc. Has $7.10 Million Position in Merck & Co., Inc. $MRK

Securian Asset Management Inc. recently reduced its stake in Merck & Co., Inc. (NYSE:MRK) by 44.1%, now holding 67,491 shares valued at $7.10 million. Despite this, other hedge funds increased their positions, and 76.07% of the stock is currently owned by institutional investors. Merck has received a “Moderate Buy” rating from analysts with an average price target of $128.18, and the company recently reported strong quarterly earnings and positive news regarding its pipeline and BioReliance services.

IN-5.37%
MDB2.87%
MRK-1.59%
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