Kentucky Retirement Systems Insurance Trust Fund Purchases New Holdings in Marsh & McLennan Companies, Inc. $MRSH

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,988 shares of the financial services provider’s stock, valued at approximately $2,410,000.

Other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the 2nd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $30,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. Finally, Elyxium Wealth LLC purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MRSH shares. Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Mizuho lowered their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a report on Tuesday, February 17th. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Wednesday, May 6th. Finally, Bank of America lowered their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $203.56.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $159.73 on Monday. The stock’s 50 day moving average price is $164.87. The stock has a market cap 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 0.62. 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 12 month low of $157.74 and a 12 month high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly 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 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%.Marsh & McLennan Companies’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Insider Activity at Marsh & McLennan Companies

In other 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 sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. 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 through this hyperlink. 0.38% of the stock is owned by company 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.