Pacer Advisors Inc. Acquires New Stake in Marsh & McLennan Companies, Inc. $MRSH

Pacer Advisors Inc. bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 43,875 shares of the financial services provider’s stock, valued at approximately $8,140,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter worth about $29,000. Solstein Capital LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the fourth quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $27,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $28,000. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

MRSH has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Bank of America decreased their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Piper Sandler dropped their price objective on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Mizuho reduced their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Morgan Stanley decreased their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $200.19.

Marsh & McLennan Companies Price Performance

MRSH stock opened at $161.96 on Monday. The stock has a market capitalization of $78.24 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.37 and a beta of 0.62. 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 fifty-two week low of $156.60 and a fifty-two week high of $220.32.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results 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 during the quarter. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

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.