Horizon Kinetics Asset Management LLC Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Horizon Kinetics Asset Management LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 156,685 shares of the financial services provider’s stock, valued at approximately $29,068,000.

Several other large investors have also made changes to their positions in MRSH. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $27,000. City Holding Co. purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $29,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter valued at about $29,000. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at about $32,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $34,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MRSH has been the topic of a number of research analyst reports. Morgan Stanley decreased 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 report on Monday, April 6th. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Wednesday, May 6th. Finally, Barclays decreased their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $200.19.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Stock Performance

Shares of MRSH stock opened at $165.52 on Wednesday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $222.57. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The company has a market cap of $79.96 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.37 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 (EPS) for the quarter, beating 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 business had revenue of $7.30 billion for the quarter. The business’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side 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.