Apollon Wealth Management LLC Invests $10.06 Million in Marsh & McLennan Companies, Inc. $MRSH

Apollon Wealth Management LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, Holdings Channel.com reports. The firm bought 57,978 shares of the financial services provider’s stock, valued at approximately $10,056,000.

A number of other institutional investors have also recently bought and sold shares of MRSH. State Street Corp acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $4,057,682,000. Capital International Investors acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $3,482,557,000. Capital World Investors bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $3,140,284,000. Wellington Management Group LLP acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $2,967,927,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Marsh & McLennan Companies during the fourth quarter worth $1,710,101,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Bank of America decreased their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. JPMorgan Chase & Co. cut 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 report on Thursday, April 9th. 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 research report on Wednesday, May 6th. Finally, Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $200.19.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction 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 directly owned 116,811 shares of the company’s stock, valued at $18,889,506.81. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Down 0.1%

Shares of Marsh & McLennan Companies stock opened at $168.83 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $219.71. The stock has a market capitalization of $81.56 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.46 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 announced its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm’s revenue was up 7.6% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal 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.