Ilmarinen Mutual Pension Insurance Co Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Ilmarinen Mutual Pension Insurance Co purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 181,600 shares of the financial services provider’s stock, valued at approximately $33,690,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Savant Capital LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $1,599,000. Moors & Cabot Inc. acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $534,000. Intech Investment Management LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $6,086,000. Investment Partners LTD. acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $308,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $361,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Morgan Stanley decreased 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. Barclays dropped their price target on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $203.56.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies 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 of the company’s stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.1%

NYSE MRSH opened at $159.68 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $158.16 and a 12 month high of $235.78. The stock has a market capitalization of $77.14 billion, a P/E ratio of 19.96, a PEG ratio of 2.34 and a beta of 0.65. The firm’s 50-day moving average is $165.50 and its two-hundred day moving average is $172.43. 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 EPS for the quarter, topping the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion for the quarter. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

About Marsh & McLennan Companies

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.