Forsta AP Fonden Buys New Position in Marsh & McLennan Companies, Inc. $MRSH

Forsta AP Fonden bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 131,700 shares of the financial services provider’s stock, valued at approximately $24,433,000.

Other hedge funds have also modified their holdings of the company. City Holding Co. acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $29,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at approximately $30,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $34,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered 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. Keefe, Bruyette & Woods raised their price objective on 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. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their price objective 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. Finally, Mizuho lowered their price target on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $203.56.

Marsh & McLennan Companies Price Performance

Shares of NYSE MRSH opened at $159.73 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $157.74 and a twelve month high of $235.78. The company has a market capitalization of $77.17 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.33 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The business has a 50 day simple moving average of $164.87 and a 200-day simple moving average of $172.02.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share 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.