USS Investment Management Ltd Grows Position in Marsh & McLennan Companies, Inc. $MRSH

USS Investment Management Ltd raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 4.0% in the first quarter, Holdings Channel.com reports. The fund owned 84,645 shares of the financial services provider’s stock after buying an additional 3,271 shares during the quarter. USS Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $14,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $25,000. SHP Wealth Management acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $27,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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 that occurred 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 transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MRSH. Morgan Stanley reduced their price objective on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Wednesday, May 6th. Barclays decreased 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. Piper Sandler dropped their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $200.19.

Marsh & McLennan Companies Stock Up 3.1%

MRSH opened at $171.84 on Thursday. The firm has a market cap 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, Inc. has a 52 week low of $156.60 and a 52 week high of $217.07. The company has a current ratio of 1.11, a quick 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 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts expect 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.