3,334 Shares in Marsh & McLennan Companies, Inc. $MRSH Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,334 shares of the financial services provider’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MRSH. Norges Bank purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $1,555,869,000. Goldman Sachs Group Inc. purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $744,740,000. Mawer Investment Management Ltd. purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $724,583,000. Bank of New York Mellon Corp purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $616,242,000. Finally, Ninety One UK Ltd boosted its position in 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 valued at $657,113,000 after buying an additional 2,195,201 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MRSH shares. 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 for the company in a research report on Tuesday, February 17th. Citigroup raised 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 report on Wednesday, May 6th. Piper Sandler decreased their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. JPMorgan Chase & Co. decreased 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 report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of 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. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $203.56.

Marsh & McLennan Companies Stock Up 2.5%

Marsh & McLennan Companies stock opened at $165.37 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $231.36. 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 $79.89 billion, a PE ratio of 20.67, a PEG ratio of 2.35 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

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.