Havemeyer Place LP Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Havemeyer Place LP purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,787 shares of the financial services provider’s stock, valued at approximately $1,074,000.

Other institutional investors have also added to or reduced their stakes in the company. 111 Capital acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $787,000. Vestcor Inc acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $5,174,000. MCF Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $298,000. OneAscent Family Office LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $234,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $39,559,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on MRSH shares. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Wednesday, May 6th. Mizuho decreased their target price on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Bank of America decreased their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $203.56.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 in the company, valued at $18,889,506.81. 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $165.37 on Monday. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $231.36. The company has a market capitalization of $79.89 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.41 and a beta of 0.62. 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 (NYSE:MRSH) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company 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. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current 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.