3,989 Shares in Marsh & McLennan Companies, Inc. $MRSH Acquired by Tobam

Tobam purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,989 shares of the financial services provider’s stock, valued at approximately $740,000.

Several other hedge funds have also recently bought and sold shares of MRSH. State Street Corp acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $4,057,682,000. Capital International Investors acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $3,482,557,000. Capital World Investors bought a new position in Marsh & McLennan Companies during the 4th quarter valued at about $3,140,284,000. Wellington Management Group LLP acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at about $2,967,927,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $1,710,101,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. UBS Group reduced their price objective on 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. Morgan Stanley decreased their target price 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. Finally, Barclays cut their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $200.19.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $161.96 on Friday. 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 fifty-two week low of $156.60 and a fifty-two week high of $220.32. The company has a market capitalization of $78.24 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.37 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last posted 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. The firm had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The sale 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 owned by company insiders.

Marsh & McLennan Companies Company 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.