3,329 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Buckley Wealth Management LLC

Buckley Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,329 shares of the financial services provider’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth about $715,765,000. Xponance LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth about $15,637,000. UniSuper Management Pty Ltd acquired a new position in Marsh & McLennan Companies during the 4th quarter worth about $7,428,000. Parnassus Investments LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth about $403,250,000. Finally, Keel Point LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth about $392,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

MRSH has been the topic of several recent research reports. Weiss Ratings lowered shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. 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. JPMorgan Chase & Co. reduced their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Barclays reduced their target price on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Raymond James Financial raised 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 equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $200.19.

Marsh & McLennan Companies Trading Up 0.6%

Shares of NYSE:MRSH opened at $168.20 on Friday. The company has a market capitalization of $81.26 billion, a P/E ratio of 21.02, a PEG ratio of 2.43 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 fifty-two week low of $156.60 and a fifty-two week high of $220.32.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The business had revenue of $7.30 billion for 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. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of the 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 $18,889,506.81. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

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.