USS Investment Management Ltd Grows Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

USS Investment Management Ltd increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,645 shares of the financial services provider’s stock after purchasing an additional 3,271 shares during the period. USS Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $14,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MRSH. Vanguard Group Inc. increased its holdings in shares of Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,589,633 shares of the financial services provider’s stock valued at $8,643,309,000 after acquiring an additional 387,100 shares during the last quarter. State Street Corp acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $4,057,682,000. Capital International Investors purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $3,482,557,000. Capital World Investors raised its holdings in Marsh & McLennan Companies by 0.5% during the third quarter. Capital World Investors now owns 17,702,898 shares of the financial services provider’s stock worth $3,567,410,000 after purchasing an additional 92,767 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $2,967,927,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRSH has been the topic of a number of recent analyst reports. UBS Group dropped their target price 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, June 9th. Mizuho reduced their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Finally, Barclays decreased their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $200.19.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Up 3.1%

Shares of NYSE MRSH opened at $171.84 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $217.07. 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 firm has a market cap of $83.02 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.43 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (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 company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

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.