Suncoast Equity Management Buys New Holdings in Marsh & McLennan Companies, Inc. $MRSH

Suncoast Equity Management bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,220 shares of the financial services provider’s stock, valued at approximately $3,566,000.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $30,000. Financial Life Planners bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $32,000. City Holding Co. purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $35,000. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MRSH. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Wells Fargo & Company dropped their target price 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. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Wednesday, May 6th. Bank of America dropped their target price 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. Finally, Barclays dropped their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $203.56.

Marsh & McLennan Companies Trading Down 0.1%

Shares of MRSH stock opened at $159.73 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $157.74 and a twelve month high of $235.78. The stock has a market cap of $77.17 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The stock has a fifty day moving average price of $164.87. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping 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 during the quarter. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Research analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 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 value 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 approximately $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

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.