L1 Capital International Pty Ltd Buys Shares of 357,469 Marsh & McLennan Companies, Inc. $MRSH

L1 Capital International Pty Ltd bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, Holdings Channel reports. The firm bought 357,469 shares of the financial services provider’s stock, valued at approximately $66,318,000. Marsh & McLennan Companies makes up 3.4% of L1 Capital International Pty Ltd’s investment portfolio, making the stock its 14th biggest holding.

Several other large investors have also modified their holdings of the business. Banco Santander S.A. purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $25,907,000. Lord Abbett & CO. LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $100,326,000. Solstein Capital LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $25,000. Klingenstein Fields & Co. LP bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $260,000. Finally, Wealthspire Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $1,250,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MRSH has been the subject of several research analyst reports. Morgan Stanley decreased 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 note on Monday, April 6th. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a research note on Tuesday, February 17th. 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 note on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Finally, UBS Group decreased their price target on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $200.19.

Marsh & McLennan Companies Stock Up 0.3%

Shares of MRSH stock opened at $168.67 on Friday. The firm has a market cap of $81.49 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.45 and a beta of 0.62. 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 12-month low of $156.60 and a 12-month high of $220.32.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The business 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 was up 7.6% compared to the same quarter last year. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction 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. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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.