157,270 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Strs Ohio

Strs Ohio acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 157,270 shares of the financial services provider’s stock, valued at approximately $27,278,000.

A number of other large investors also recently modified their holdings of the stock. Solstein Capital LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $25,000. SHP Wealth Management acquired a new position in Marsh & McLennan Companies during the 4th quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $27,000. Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $27,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Marsh & McLennan Companies during the first quarter worth $28,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $178.13 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $216.32. The firm has a market cap of $86.05 billion, a P/E ratio of 22.27, a PEG ratio of 2.60 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. The firm 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. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MRSH shares. UBS Group cut their price target on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday, April 17th. Piper Sandler decreased their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Finally, Bank of America reduced their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average 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.