Cerity Partners LLC Purchases New Position in Marsh & McLennan Companies, Inc. $MRSH

Cerity Partners LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, HoldingsChannel reports. The firm purchased 179,904 shares of the financial services provider’s stock, valued at approximately $33,376,000.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the 2nd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $27,000. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the third quarter worth approximately $32,000. City Holding Co. bought a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $29,000. Finally, JPL Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the third quarter worth approximately $35,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.1%

Shares of MRSH stock opened at $167.30 on Thursday. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $220.32. The company has a market cap of $80.82 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results 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 return on equity of 31.87% and a net margin of 14.26%.The company had revenue of $7.30 billion during the quarter. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MRSH shares. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Wednesday, May 6th. Bank of America decreased their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. UBS Group decreased their target price on Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday, April 17th. Finally, Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $200.19.

Insider Activity at Marsh & McLennan Companies

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

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.