16,925,131 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Capital World Investors

Capital World Investors acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,925,131 shares of the financial services provider’s stock, valued at approximately $3,140,284,000. Capital World Investors owned 3.45% of Marsh & McLennan Companies at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MRSH. KERR FINANCIAL PLANNING Corp purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth $27,000. City Holding Co. purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth $29,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the second quarter worth $29,000. Financial Life Planners purchased a new stake in Marsh & McLennan Companies during the third quarter worth $32,000. Finally, Elyxium Wealth LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth $34,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MRSH shares. Piper Sandler decreased their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Mizuho reduced their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Finally, Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $203.56.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MRSH opened at $165.37 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $231.36. The firm has a market capitalization of $79.89 billion, a PE ratio of 20.67, a P/E/G ratio of 2.41 and a beta of 0.62. 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 released its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping 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 firm had revenue of $7.30 billion for the quarter. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

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.