Te Ahumairangi Investment Management Ltd Purchases Shares of 24,687 Marsh & McLennan Companies, Inc. $MRSH

Te Ahumairangi Investment Management Ltd purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,687 shares of the financial services provider’s stock, valued at approximately $4,580,000.

A number of other large investors have also recently bought and sold shares of the stock. Procyon Advisors LLC raised its holdings in Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock worth $423,000 after buying an additional 56 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Marsh & McLennan Companies by 3.3% in the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 56 shares during the last quarter. Lindenwold Advisors INC boosted its stake in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock valued at $3,022,000 after purchasing an additional 62 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 3.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 63 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Marsh & McLennan Companies by 0.7% in the third quarter. Wealthcare Advisory Partners LLC now owns 9,996 shares of the financial services provider’s stock worth $2,015,000 after purchasing an additional 66 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.6%

NYSE MRSH opened at $168.20 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The firm has a market cap of $81.26 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.43 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $220.32.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Wall Street Analysts Forecast Growth

MRSH has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price for the company in a research note on Tuesday, February 17th. UBS Group dropped their price target on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley reduced 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 research report on Monday, April 6th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $200.19.

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.