Swmg LLC Takes $656,000 Position in Marsh & McLennan Companies, Inc. $MRSH

Swmg LLC purchased a new position 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 purchased 3,547 shares of the financial services provider’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Numerai GP LLC increased its stake in shares of Marsh & McLennan Companies by 966.2% in the third quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider’s stock worth $7,501,000 after buying an additional 33,729 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in shares of Marsh & McLennan Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider’s stock worth $24,960,000 after buying an additional 11,648 shares during the last quarter. Rockland Trust Co. increased its stake in shares of Marsh & McLennan Companies by 801.6% in the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock worth $2,433,000 after buying an additional 10,734 shares during the last quarter. Barclays PLC increased its stake in shares of Marsh & McLennan Companies by 41.7% in the third quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock worth $443,844,000 after buying an additional 647,987 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its stake in shares of Marsh & McLennan Companies by 4.4% in the third quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock worth $15,356,000 after buying an additional 3,177 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MRSH has been the subject of several recent research reports. 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. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Wednesday, May 6th. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price for the company in a research note on Tuesday, February 17th. Cantor Fitzgerald boosted their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings lowered shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $203.56.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $160.70 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $158.16 and a 1 year high of $235.78. The company has a market cap of $77.63 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. 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 firm has a fifty day moving average of $166.27 and a 200-day moving average of $172.72.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.37 earnings per share for the current year.

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.