State Street Corp Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

State Street Corp bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, Holdings Channel.com reports. The fund bought 21,871,937 shares of the financial services provider’s stock, valued at approximately $4,057,682,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $40,895,000. Victory Capital Management Inc. acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $41,693,000. Corps Capital Advisors LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $501,000. Boston Family Office LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $18,186,000. Finally, Cape Cod Five Cents Savings Bank acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $4,954,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.3%

MRSH stock opened at $168.67 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $220.32. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $81.49 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.45 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results 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 firm had revenue of $7.30 billion for the quarter. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MRSH has been the topic of a number of research reports. Mizuho lowered their price target 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. Morgan Stanley lowered their price target on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group lowered their price target on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Finally, Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $200.19.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction on 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 owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by corporate 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.