TIAA Trust National Association purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,191 shares of the financial services provider’s stock, valued at approximately $3,004,000.
A number of other large investors also recently added to or reduced their stakes in MRSH. Capital International Investors acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $3,482,557,000. Capital World Investors acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $3,140,284,000. Norges Bank acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $1,555,869,000. Capital Research Global Investors purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $1,481,896,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $941,815,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MRSH has been the topic of a number of recent research reports. Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a research report on Tuesday, February 17th. Barclays cut their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. UBS Group cut their price objective on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $200.19.
Marsh & McLennan Companies Price Performance
NYSE:MRSH opened at $167.30 on Thursday. The firm has a market capitalization of $80.82 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. 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 $220.32.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.Marsh & McLennan Companies’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.
Insider Buying and Selling
In related news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing 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.
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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