2,757,045 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,757,045 shares of the financial services provider’s stock, valued at approximately $511,487,000. Arrowstreet Capital Limited Partnership owned 0.57% of Marsh & McLennan Companies at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $18,716,000. Jacobi Capital Management LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $470,000. CreativeOne Wealth LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $817,000. Kestra Advisory Services LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $1,891,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $68,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE:MRSH opened at $168.67 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $220.32. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $81.49 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.46 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate 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 business had revenue of $7.30 billion during the quarter. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Wednesday, May 6th. Raymond James Financial upgraded 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. Morgan Stanley decreased 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. Wells Fargo & Company reduced 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $200.19.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.

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.