12,988 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, Holdings Channel.com reports. The firm bought 12,988 shares of the financial services provider’s stock, valued at approximately $2,410,000.

Several other institutional investors have also recently made changes to their positions in MRSH. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at approximately $30,000. Financial Life Planners purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at approximately $32,000. City Holding Co. purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

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

Marsh & McLennan Companies Stock Down 0.1%

NYSE MRSH opened at $159.73 on Monday. 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 stock’s fifty day moving average price is $164.87. The stock has a market capitalization of $77.17 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 52 week low of $157.74 and a 52 week high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping 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 firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $203.56.

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.