Norges Bank Invests $1.56 Billion in Marsh & McLennan Companies, Inc. $MRSH

Norges Bank purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, Holdings Channel reports. The firm purchased 8,386,530 shares of the financial services provider’s stock, valued at approximately $1,555,869,000.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $30,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $35,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.1%

MRSH stock opened at $159.73 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The company has a fifty day moving average price of $164.87 and a two-hundred day moving average price of $172.25. Marsh & McLennan Companies, Inc. has a one year low of $157.74 and a one year high of $235.78. The stock has a market cap of $77.17 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65.

Marsh & McLennan Companies (NYSE:MRSH) last released 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 during the quarter. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MRSH has been the topic of a number of analyst reports. Cantor Fitzgerald upped their price objective on Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Barclays dropped their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. 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 note on Tuesday. Mizuho dropped their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Finally, Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $203.56.

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.