Raiffeisen Bank International AG Purchases New Position in Marsh & McLennan Companies, Inc. $MRSH

Raiffeisen Bank International AG purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 257,606 shares of the financial services provider’s stock, valued at approximately $48,265,000. Raiffeisen Bank International AG owned approximately 0.05% of Marsh & McLennan Companies at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MRSH. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies in the fourth quarter worth about $27,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the third quarter worth about $32,000. City Holding Co. acquired a new position in Marsh & McLennan Companies in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the third quarter worth about $35,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.6%

NYSE MRSH opened at $168.20 on Friday. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.43 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $220.32. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Wednesday, May 6th. Morgan Stanley cut their target price on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group cut their target price on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $200.19.

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.