170,276 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 170,276 shares of the financial services provider’s stock, valued at approximately $29,534,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $25,000. SHP Wealth Management purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $27,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MRSH has been the subject of a number of recent analyst reports. Mizuho reduced their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Bank of America cut their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $200.19.

Marsh & McLennan Companies Price Performance

MRSH stock opened at $171.84 on Thursday. 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, Inc. has a 1 year low of $156.60 and a 1 year high of $217.07. The stock has a market capitalization of $83.02 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.43 and a beta of 0.61.

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 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 business had revenue of $7.30 billion for the quarter. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In related 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 value of $2,693,441.76. Following the sale, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by corporate insiders.

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.