Strs Ohio Takes $27.28 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Strs Ohio bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, Holdings Channel reports. The fund bought 157,270 shares of the financial services provider’s stock, valued at approximately $27,278,000.

Other large investors have also recently bought and sold shares of the company. Keybank National Association OH acquired a new stake in Marsh & McLennan Companies during the first quarter worth approximately $4,108,000. Heritage Investors Management Corp acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $440,000. Physician Wealth Advisors Inc. bought a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $52,000. Reliant Investment Management LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth approximately $358,000. Finally, Root Financial Partners LLC boosted its stake in Marsh & McLennan Companies by 128.1% in the 1st quarter. Root Financial Partners LLC now owns 1,218 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 684 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MRSH has been the topic of a number of research reports. Mizuho decreased their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Citigroup raised 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 report on Wednesday, May 6th. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday, April 17th. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Morgan Stanley cut their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $200.19.

Insider Activity

In related news, CEO John Q. Doyle sold 16,656 shares of the 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 sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH opened at $178.13 on Friday. The firm has a market capitalization of $86.05 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.60 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $216.32. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.30 billion for the quarter. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal 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.