Mawer Investment Management Ltd. Invests $724.58 Million in Marsh & McLennan Companies, Inc. $MRSH

Mawer Investment Management Ltd. bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 3,905,686 shares of the financial services provider’s stock, valued at approximately $724,583,000. Marsh & McLennan Companies accounts for 4.1% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 4th biggest position. Mawer Investment Management Ltd. owned about 0.80% of Marsh & McLennan Companies at the end of the most recent reporting period.

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

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

MRSH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective 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. 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 dropped their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Morgan Stanley dropped their price objective 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. Finally, Bank of America dropped their price objective 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 given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $203.56.

Marsh & McLennan Companies Price Performance

Shares of MRSH stock opened at $162.44 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $78.47 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.33 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a twelve month low of $157.74 and a twelve month high of $235.78. The stock has a fifty day simple moving average of $164.41 and a two-hundred day simple moving average of $171.56.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS 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.