Hsbc Holdings PLC Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Hsbc Holdings PLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, Holdings Channel reports. The firm bought 1,139,486 shares of the financial services provider’s stock, valued at approximately $211,804,000.

A number of other hedge funds have also bought and sold shares of the stock. State Street Corp purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $4,057,682,000. Capital International Investors acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $3,482,557,000. Capital World Investors purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $3,140,284,000. Wellington Management Group LLP acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $1,710,101,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Mizuho cut 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. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Bank of America cut their price objective on shares of 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. UBS Group decreased their target price on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Finally, Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $200.19.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Down 0.3%

MRSH opened at $161.96 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $220.32. The firm has a market capitalization of $78.24 billion, a P/E ratio of 20.25, a PEG ratio of 2.37 and a beta of 0.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last released 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. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

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.