Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 113,956 shares of the financial services provider’s stock, valued at approximately $21,141,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MRSH. City Holding Co. acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $29,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth $29,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth $30,000. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth $32,000. Finally, Elyxium Wealth LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $34,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MRSH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a research report on Tuesday, February 17th. Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Bank of America cut their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Finally, Barclays decreased their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $203.56.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $159.73 on Monday. Marsh & McLennan Companies, Inc. has a 1 year low of $157.74 and a 1 year high of $235.78. The stock has a market cap of $77.17 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.33 and a beta of 0.62. The company’s fifty day simple moving average is $164.87. 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 (NYSE:MRSH) last announced its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion during the quarter. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

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.