Dover Advisors LLC Takes $1.37 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Dover Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,378 shares of the financial services provider’s stock, valued at approximately $1,369,000.

A number of other large investors have also recently made changes to their positions in MRSH. Norges Bank purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $1,555,869,000. Goldman Sachs Group Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $744,740,000. Mawer Investment Management Ltd. acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at $724,583,000. Bank of New York Mellon Corp acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at $616,242,000. Finally, Ninety One UK Ltd lifted its position in Marsh & McLennan Companies by 163.0% during the fourth quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider’s stock valued at $657,113,000 after purchasing an additional 2,195,201 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price for the company in a research report on Tuesday, February 17th. Mizuho decreased their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Barclays decreased their target price on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $203.56.

Marsh & McLennan Companies Trading Down 0.6%

Shares of Marsh & McLennan Companies stock opened at $161.65 on Wednesday. The stock has a market capitalization of $78.09 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.37 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a fifty-two week low of $157.74 and a fifty-two week high of $235.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

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 business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current 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.