1,140,767 Shares in Marsh & McLennan Companies, Inc. $MRSH Acquired by National Pension Service

National Pension Service purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,140,767 shares of the financial services provider’s stock, valued at approximately $211,635,000.

A number of other hedge funds also recently modified their holdings of MRSH. Ninety One UK Ltd raised its holdings in shares of Marsh & McLennan Companies by 163.0% in the 4th quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider’s stock worth $657,113,000 after purchasing an additional 2,195,201 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Marsh & McLennan Companies by 9,455.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,520,164 shares of the financial services provider’s stock worth $282,021,000 after purchasing an additional 1,504,255 shares during the period. Wellington Management Group LLP raised its holdings in shares of Marsh & McLennan Companies by 9.1% in the 3rd quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider’s stock worth $3,041,386,000 after purchasing an additional 1,260,434 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Marsh & McLennan Companies by 654.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider’s stock worth $285,992,000 after purchasing an additional 1,231,059 shares during the period. Finally, Invesco Ltd. grew its stake in Marsh & McLennan Companies by 29.7% in the 3rd quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider’s stock valued at $663,676,000 after buying an additional 753,828 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the business’s 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 in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

MRSH has been the subject of a number of recent research reports. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday, May 6th. Barclays reduced their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Mizuho reduced their price objective on shares of 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. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $203.56.

Marsh & McLennan Companies Stock Up 0.1%

MRSH opened at $159.73 on Friday. The company has a fifty day moving average price of $164.87 and a 200-day moving average price of $172.25. The firm has a market capitalization of $77.17 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. 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, Inc. has a one year low of $157.74 and a one year high of $235.78.

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 analysts’ consensus estimates of $3.21 by $0.08. The firm 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% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share 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.