TD Asset Management Inc Buys New Stake in Marsh & McLennan Companies, Inc. $MRSH

TD Asset Management Inc acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 949,563 shares of the financial services provider’s stock, valued at approximately $176,163,000. TD Asset Management Inc owned about 0.19% of Marsh & McLennan Companies at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies during the second quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $27,000. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the third quarter worth about $32,000. City Holding Co. bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the third quarter worth about $35,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MRSH opened at $161.13 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $233.50. The company has a market capitalization of $77.84 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 2.29 and a beta of 0.62. 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 announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share 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 business had revenue of $7.30 billion for the quarter. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Bank of America decreased their price objective on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company reduced 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. Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Mizuho decreased their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Finally, Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $203.56.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by corporate insiders.

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.