Cerity Partners LLC Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Cerity Partners LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 179,904 shares of the financial services provider’s stock, valued at approximately $33,376,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MRSH. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $27,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $32,000. City Holding Co. acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $35,000. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MRSH. Morgan Stanley cut 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. Mizuho cut their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. UBS Group cut their price objective on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their price objective on 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, Raymond James Financial raised 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 analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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 stock was sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.1%

NYSE:MRSH opened at $167.30 on Thursday. 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. The stock has a market cap of $80.82 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share 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 company had revenue of $7.30 billion for the quarter. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

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.