Rockefeller Capital Management L.P. Invests $14.65 Million in Marsh & McLennan Companies, Inc. $MRSH

Rockefeller Capital Management L.P. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 78,917 shares of the financial services provider’s stock, valued at approximately $14,651,000.

Several other institutional investors also recently added to or reduced their stakes in the business. World Investment Advisors bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $3,100,000. PEAK6 LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $3,250,000. Corient Private Wealth LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $42,968,000. Union Savings Bank acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $106,000. Finally, Hsbc Holdings PLC bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $211,804,000. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MRSH has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday, April 17th. UBS Group cut their target price on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Mizuho decreased their price target 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. Wells Fargo & Company lowered their price target on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $200.19.

Marsh & McLennan Companies Price Performance

Shares of MRSH opened at $164.09 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $79.27 billion, a PE ratio of 20.51, a P/E/G ratio of 2.33 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year 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 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 business had revenue of $7.30 billion for the quarter. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Insider Buying and Selling

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 shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company 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.