Fideuram Intesa Sanpaolo Private Banking S.P.A. Lowers Position in Marsh & McLennan Companies, Inc. $MRSH

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 38.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,338 shares of the financial services provider’s stock after selling 4,032 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Marsh & McLennan Companies were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Solstein Capital LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $25,000. SHP Wealth Management bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the fourth quarter worth $27,000. Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at $27,000. Finally, Pinnacle Bancorp Inc. bought a new position in Marsh & McLennan Companies in the first quarter valued at $28,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value 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. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

MRSH has been the subject of several research analyst reports. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Wednesday, May 6th. Morgan Stanley decreased their price objective on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. JPMorgan Chase & Co. dropped their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. 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 on the stock in a research report on Thursday, April 9th. Finally, UBS Group decreased their price target on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $200.19.

Marsh & McLennan Companies Stock Down 0.2%

NYSE:MRSH opened at $178.13 on Friday. The stock has a market capitalization of $86.05 billion, a PE ratio of 22.27, a P/E/G ratio of 2.60 and a beta of 0.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $216.32.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

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.