Wick Capital Partners LLC Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Wick Capital Partners LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,009 shares of the financial services provider’s stock, valued at approximately $6,124,000. Marsh & McLennan Companies makes up 0.4% of Wick Capital Partners LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in MRSH. State Street Corp purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $4,057,682,000. Capital International Investors purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth about $3,482,557,000. Capital World Investors purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $3,140,284,000. Wellington Management Group LLP purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $1,710,101,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Morgan Stanley reduced their price objective on shares of 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. JPMorgan Chase & Co. lowered their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, UBS Group dropped their target price on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $200.19.

Marsh & McLennan Companies Trading Down 1.4%

Shares of Marsh & McLennan Companies stock opened at $161.96 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $220.32. The company has a market capitalization of $78.24 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.39 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data 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 net margin of 14.26% and a return on equity of 31.87%. The business had revenue of $7.30 billion during the quarter. The business’s revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the transaction, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.

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.