Nomura Asset Management Co. Ltd. Makes New $56.76 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Nomura Asset Management Co. Ltd. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 305,974 shares of the financial services provider’s stock, valued at approximately $56,764,000. Nomura Asset Management Co. Ltd. owned 0.06% of Marsh & McLennan Companies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRSH. City Holding Co. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $29,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $30,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $34,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $159.73 on Monday. 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 $77.17 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The firm’s 50 day moving average price is $164.87. Marsh & McLennan Companies, Inc. has a 1 year low of $157.74 and a 1 year high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.08. The business had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRSH. Wells Fargo & Company lowered their price target 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. Weiss Ratings lowered shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Bank of America lowered their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Piper Sandler lowered their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $203.56.

Insider Activity

In related news, CEO John Q. Doyle sold 16,655 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

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.