Natixis Advisors LLC Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Natixis Advisors LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, Holdings Channel reports. The institutional investor bought 863,503 shares of the financial services provider’s stock, valued at approximately $160,197,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRSH. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $27,000. City Holding Co. purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $29,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $29,000. Financial Life Planners purchased a new position in Marsh & McLennan Companies in the third quarter valued at about $32,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MRSH. Morgan Stanley decreased their price target on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research note 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 note on Wednesday, May 6th. Cantor Fitzgerald upped their price target on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target for the company in a research note on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $203.56.

Marsh & McLennan Companies Trading Down 0.1%

Marsh & McLennan Companies stock opened at $162.44 on Tuesday. The business has a 50 day moving average price of $164.41 and a two-hundred day moving average price of $171.56. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market cap of $78.47 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 12 month low of $157.74 and a 12 month high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. The firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current 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.