Walter Public Investments Inc. cut its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH – Free Report) by 35.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 68,686 shares of the financial services provider’s stock after selling 38,265 shares during the period. Marsh & McLennan Companies makes up about 2.8% of Walter Public Investments Inc.’s investment portfolio, making the stock its 14th largest position. Walter Public Investments Inc.’s holdings in Marsh & McLennan Companies were worth $11,914,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MRSH. Solstein Capital LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $25,000. SHP Wealth Management bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $27,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies during the first quarter worth approximately $28,000. 87.99% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MRSH has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Mizuho decreased their target price on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Finally, Barclays dropped their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $200.19.
Marsh & McLennan Companies Stock Down 0.2%
Marsh & McLennan Companies stock opened at $178.13 on Friday. The company has a market capitalization of $86.05 billion, a PE ratio of 22.27, a PEG ratio of 2.60 and a beta of 0.61. 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 $216.32.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate 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%. The company’s revenue for the quarter 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 fiscal year.
Insider Buying and Selling at Marsh & McLennan Companies
In other 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 value of $2,693,441.76. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently 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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