Gulf International Bank UK Ltd acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 24,654 shares of the financial services provider’s stock, valued at approximately $4,574,000.
Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $30,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth about $32,000. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth about $35,000. 87.99% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Piper Sandler dropped their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their price target on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Royal Bank Of Canada restated 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 analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $203.56.
Marsh & McLennan Companies Stock Performance
Shares of MRSH opened at $159.73 on Friday. The firm’s 50 day moving average is $164.87 and its 200-day moving average is $172.25. The stock has a market capitalization of $77.17 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.32 and a beta of 0.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. Marsh & McLennan Companies, Inc. has a 12-month low of $157.74 and a 12-month high of $235.78.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.
Insider Activity
In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.
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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