Landscape Capital Management L.L.C. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 26,614 shares of the financial services provider’s stock, valued at approximately $4,937,000.
Other large investors have also recently added to or reduced their stakes in the company. Destination Wealth Management purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $455,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $176,000. Dockside LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $1,221,000. Entropy Technologies LP purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $14,710,000. Finally, Epoch Investment Partners Inc. purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $133,137,000. 87.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have issued reports on MRSH shares. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Mizuho reduced their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $200.19.
Marsh & McLennan Companies Stock Up 0.3%
MRSH opened at $168.67 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The firm has a market cap of $81.49 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.46 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $220.32.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.
Insider Transactions at Marsh & McLennan Companies
In related news, CEO John Q. Doyle sold 16,656 shares of the business’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 completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.
Marsh & McLennan Companies Company 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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