Erste Asset Management GmbH bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) in the fourth quarter, HoldingsChannel reports. The firm bought 28,657 shares of the financial services provider’s stock, valued at approximately $5,364,000.
A number of other institutional investors also recently modified their holdings of MRSH. Capital International Investors purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $3,482,557,000. Capital World Investors bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $3,140,284,000. Norges Bank bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $1,555,869,000. Capital Research Global Investors bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $1,481,896,000. Finally, Clearbridge Investments LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $941,815,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their price target on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $200.19.
Marsh & McLennan Companies Stock Up 1.8%
Shares of NYSE MRSH opened at $165.52 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $222.57. The company has a market cap of $79.96 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last announced its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business had revenue of $7.30 billion during the quarter. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.
Insider Buying and Selling at Marsh & McLennan Companies
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 transaction of $2,693,441.76. Following the completion of the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.
Marsh & McLennan Companies 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.
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