National Pension Service Acquires New Stake in Marsh & McLennan Companies, Inc. $MRSH

National Pension Service acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,140,767 shares of the financial services provider’s stock, valued at approximately $211,635,000. National Pension Service owned 0.23% of Marsh & McLennan Companies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MRSH. City Holding Co. acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $29,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $30,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $32,000. Finally, Elyxium Wealth LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $34,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of NYSE MRSH opened at $159.73 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $157.74 and a twelve month high of $235.78. The stock’s 50 day moving average price is $164.87 and its 200-day moving average price is $172.25. The company has a market capitalization of $77.17 billion, a PE ratio of 19.97, a PEG ratio of 2.32 and a beta of 0.65. 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 announced its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion for the quarter. The business’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on MRSH shares. 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 report on Monday, April 6th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $200.00 price target on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. JPMorgan Chase & Co. decreased their price target on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Piper Sandler decreased their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday. 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 company’s stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $203.56.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the business’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 transaction, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

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.