8,386,530 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Norges Bank

Norges Bank acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,386,530 shares of the financial services provider’s stock, valued at approximately $1,555,869,000. Norges Bank owned 1.71% of Marsh & McLennan Companies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRSH. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $30,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $32,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $35,000. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley cut 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 report on Monday, April 6th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. cut their price target 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $200.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. Finally, Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $203.56.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.1%

NYSE:MRSH opened at $159.73 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $157.74 and a fifty-two week high of $235.78. 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 has a market capitalization of $77.17 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65. The business’s 50-day simple moving average is $164.87 and its 200-day simple moving average is $172.25.

Marsh & McLennan Companies (NYSE:MRSH) last released 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 return on equity of 31.87% and a net margin of 14.26%.The business had revenue of $7.30 billion for the quarter. The company’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Marsh & McLennan Companies 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.