32,805 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 32,805 shares of the financial services provider’s stock, valued at approximately $6,086,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Investment Partners LTD. purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $308,000. Foundations Investment Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $361,000. Baker Avenue Asset Management LP purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $11,608,000. Swmg LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $656,000. Finally, EverSource Wealth Advisors LLC grew its stake in Marsh & McLennan Companies by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,264 shares of the financial services provider’s stock valued at $1,162,000 after purchasing an additional 244 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

NYSE:MRSH opened at $159.73 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $157.74 and a one year high of $235.78. 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 stock has a market cap of $77.17 billion, a PE ratio of 19.97, a P/E/G ratio of 2.33 and a beta of 0.65. The stock has a 50 day moving average price of $164.87 and a 200 day moving average price of $172.02.

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. 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 during the quarter. The firm’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MRSH has been the topic of several research analyst reports. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Wednesday, May 6th. Bank of America dropped their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. JPMorgan Chase & Co. lowered their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Mizuho lowered their target price on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Finally, Morgan Stanley lowered their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $203.56.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction 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 trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.38% of the company’s stock.

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.