Capital Research Global Investors Takes $1.48 Billion Position in Marsh & McLennan Companies, Inc. $MRSH

Capital Research Global Investors acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,987,794 shares of the financial services provider’s stock, valued at approximately $1,481,896,000. Capital Research Global Investors owned about 1.63% of Marsh & McLennan Companies at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $27,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the third quarter worth approximately $32,000. City Holding Co. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MRSH. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods upped their price target on shares of 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. Piper Sandler dropped their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley dropped their price target on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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. 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $203.56.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $165.37 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $231.36. The firm has a market capitalization of $79.89 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping 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 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. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.