Longfellow Investment Management Co. LLC Buys Shares of 5,943 Marsh & McLennan Companies, Inc. $MRSH

Longfellow Investment Management Co. LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,943 shares of the financial services provider’s stock, valued at approximately $1,103,000.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $1,555,869,000. Goldman Sachs Group Inc. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $744,740,000. Mawer Investment Management Ltd. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $724,583,000. Bank of New York Mellon Corp bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at $616,242,000. Finally, Ninety One UK Ltd grew its position in Marsh & McLennan Companies by 163.0% in the fourth quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider’s stock valued at $657,113,000 after acquiring an additional 2,195,201 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

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

Analyst Ratings Changes

Several brokerages have recently commented on MRSH. 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 report on Tuesday, May 26th. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods raised 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. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price on the stock in a research note on Tuesday, February 17th. Finally, Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $203.56.

Marsh & McLennan Companies Stock Up 2.5%

NYSE MRSH opened at $165.37 on Friday. The stock has a market cap of $79.89 billion, a PE ratio of 20.67, a price-to-earnings-growth 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, Inc. has a one year low of $156.60 and a one year high of $231.36.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly 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. The company 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%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS 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.