Capital International Sarl Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Capital International Sarl purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 58,099 shares of the financial services provider’s stock, valued at approximately $10,779,000.

A number of other institutional investors have also recently bought and sold shares of MRSH. Capital International Investors acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth $3,482,557,000. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $1,555,869,000. Goldman Sachs Group Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $744,740,000. Mawer Investment Management Ltd. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $724,583,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $616,242,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 2.5%

Shares of NYSE MRSH opened at $165.37 on Friday. The stock has a market cap of $79.89 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.41 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, Inc. has a 12-month low of $156.60 and a 12-month high of $231.36.

Marsh & McLennan Companies (NYSE:MRSH) last announced 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 firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on MRSH. Mizuho reduced their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Morgan Stanley reduced their target price on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Bank of America reduced their target price on shares of 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. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned 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 has an average rating of “Hold” and an average target price of $203.56.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

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.