World Investment Advisors Sells 6,486 Shares of Marsh & McLennan Companies, Inc. $MRSH

World Investment Advisors cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 38.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,226 shares of the financial services provider’s stock after selling 6,486 shares during the quarter. World Investment Advisors’ holdings in Marsh & McLennan Companies were worth $1,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MRSH. State Street Corp bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $4,057,682,000. Capital International Investors bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $3,482,557,000. Capital World Investors purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $3,140,284,000. Wellington Management Group LLP bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $2,967,927,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $1,710,101,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $177.99 on Wednesday. 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 stock has a market capitalization of $85.99 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $216.32.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. The company 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 firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on MRSH. Bank of America decreased 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. 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. Mizuho decreased their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $199.25.

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.