Gulf International Bank UK Ltd Buys New Shares in Marsh & McLennan Companies, Inc. $MRSH

Gulf International Bank UK Ltd purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,654 shares of the financial services provider’s stock, valued at approximately $4,574,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRSH. City Holding Co. bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $29,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $30,000. Financial Life Planners bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $32,000. Finally, Elyxium Wealth LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $34,000. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MRSH has been the topic of several analyst reports. Barclays lowered their price target on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Mizuho lowered their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a report on Tuesday, February 17th. Piper Sandler lowered their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Weiss Ratings lowered shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $203.56.

Marsh & McLennan Companies Stock Up 0.1%

Shares of NYSE:MRSH opened at $159.73 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $157.74 and a 12 month high of $235.78. The company’s 50-day moving average price is $164.87 and its two-hundred day moving average price is $172.25. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The firm has a market cap of $77.17 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.32 and a beta of 0.65.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 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. Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate 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.