O Shaughnessy Asset Management LLC Buys New Stake in Marsh & McLennan Companies, Inc. $MRSH

O Shaughnessy Asset Management LLC purchased a new position in shares of 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 77,786 shares of the financial services provider’s stock, valued at approximately $14,431,000.

Other large investors have also made changes to their positions in the company. Capital International Investors purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $3,482,557,000. Capital World Investors purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $3,140,284,000. Norges Bank purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $1,555,869,000. Capital Research Global Investors purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $1,481,896,000. Finally, Clearbridge Investments LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $941,815,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MRSH shares. Piper Sandler lowered their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. 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 note on Wednesday, May 6th. Barclays cut their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Bank of America lowered their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, Raymond James Financial upgraded 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 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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $200.19.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction dated 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 owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $165.52 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $222.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $79.96 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.37 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, topping 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. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Marsh & McLennan Companies Company 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.