Goldman Sachs Group Inc. Purchases Shares of 4,014,339 Marsh & McLennan Companies, Inc. $MRSH

Goldman Sachs Group Inc. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,014,339 shares of the financial services provider’s stock, valued at approximately $744,740,000. Goldman Sachs Group Inc. owned 0.82% of Marsh & McLennan Companies at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter valued at $29,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $27,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $32,000. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $35,000. 87.99% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO John Q. Doyle sold 16,656 shares of the business’s 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 transaction, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 corporate insiders.

Marsh & McLennan Companies Stock Performance

MRSH stock opened at $157.52 on Thursday. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $235.38. The stock has a market capitalization of $76.10 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.35 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 (NYSE:MRSH) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (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 firm had revenue of $7.30 billion for the quarter. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MRSH has been the subject of a number of research analyst reports. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a report on Tuesday, February 17th. Bank of America dropped their price objective 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. Piper Sandler dropped their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Finally, Morgan Stanley dropped their price objective on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. One research 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, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $203.56.

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.