IFM Investors Pty Ltd raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,885 shares of the financial services provider’s stock after acquiring an additional 3,194 shares during the quarter. IFM Investors Pty Ltd’s holdings in Marsh & McLennan Companies were worth $16,978,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in MRSH. Vanguard Group Inc. raised its stake in Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,589,633 shares of the financial services provider’s stock valued at $8,643,309,000 after purchasing an additional 387,100 shares during the last quarter. State Street Corp purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $4,057,682,000. Capital International Investors acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $3,482,557,000. Capital World Investors lifted its stake in shares of Marsh & McLennan Companies by 0.5% in the third quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider’s stock worth $3,567,410,000 after buying an additional 92,767 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $2,967,927,000. 87.99% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction dated 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 $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by insiders.
Marsh & McLennan Companies Trading Up 3.1%
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last announced its quarterly 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 business 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%.The firm’s revenue was up 7.6% on a year-over-year basis. Research analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.
Wall Street Analysts Forecast Growth
MRSH has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Wednesday, May 6th. Piper Sandler reduced their price objective on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Finally, Morgan Stanley reduced their price target on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. One 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 data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $200.19.
Get Our Latest Stock Analysis on Marsh & McLennan Companies
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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