Fideuram Intesa Sanpaolo Private Banking S.P.A. Lowers Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 38.9% in the first quarter, Holdings Channel reports. The institutional investor owned 6,338 shares of the financial services provider’s stock after selling 4,032 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Marsh & McLennan Companies were worth $1,099,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Solstein Capital LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $25,000. SHP Wealth Management bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. purchased a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $28,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction 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 in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

MRSH has been the topic of several recent analyst reports. Morgan Stanley cut their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Barclays dropped their price objective on 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. UBS Group decreased their target price on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Finally, Bank of America lowered their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $200.19.

Marsh & McLennan Companies Trading Down 0.2%

Shares of NYSE:MRSH opened at $178.13 on Friday. The company has a market cap of $86.05 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.60 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $216.32. The company has a quick ratio of 1.11, a current 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 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.30 billion for the quarter. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Marsh & McLennan Companies Company 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.