Sivia Capital Partners LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,558 shares of the financial services provider’s stock, valued at approximately $1,217,000.
A number of other institutional investors have also recently modified their holdings of the business. Archvest Wealth Advisors Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $80,000. Bowen Hanes & Co. Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $1,653,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $49,000. REAP Financial Group LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $105,000. Finally, Goldstein Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $235,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Marsh & McLennan Companies Trading Down 2.4%
MRSH stock opened at $157.52 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $235.38. The stock has a market capitalization of $76.10 billion, a P/E ratio of 19.69, a PEG ratio of 2.35 and a beta of 0.62.
Insiders Place Their Bets
In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research firms have recently commented on MRSH. Morgan Stanley dropped their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Mizuho lowered their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $203.56.
View Our Latest Stock Report on Marsh & McLennan Companies
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.
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