62,570 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 62,570 shares of the financial services provider’s stock, valued at approximately $11,608,000.

Other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the second quarter worth about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies in the third quarter worth about $30,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the third quarter worth about $32,000. City Holding Co. acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the third quarter worth about $35,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MRSH. Bank of America cut their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Barclays cut their price target on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Wells Fargo & Company cut their price target on shares of 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. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Cantor Fitzgerald upped their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $203.56.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was 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 in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MRSH stock opened at $160.70 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a one year low of $158.16 and a one year high of $235.78. The firm has a market capitalization of $77.63 billion, a PE ratio of 20.09, a P/E/G ratio of 2.36 and a beta of 0.65. The firm has a 50-day moving average of $166.27 and a two-hundred day moving average of $172.72.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company had revenue of $7.30 billion during the quarter. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

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.