Stock Yards Bank & Trust Co. Takes $22.40 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Stock Yards Bank & Trust Co. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 129,126 shares of the financial services provider’s stock, valued at approximately $22,397,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $29,000. Solstein Capital LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $25,000. SHP Wealth Management bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth about $27,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MRSH. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Wednesday, May 6th. Mizuho lowered their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Wells Fargo & Company dropped their target price on 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 reduced their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group lowered their price target on 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. 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $200.19.

Marsh & McLennan Companies Price Performance

NYSE MRSH opened at $171.84 on Thursday. The firm has a market cap of $83.02 billion, a PE ratio of 21.48, a PEG ratio of 2.43 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $217.07. 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 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. 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 quarterly revenue was up 7.6% on a year-over-year basis. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Company 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.