Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires New Position in Marsh & McLennan Companies, Inc. $MRSH

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 213,231 shares of the financial services provider’s stock, valued at approximately $39,559,000.

Other hedge funds have also recently modified their holdings of the company. Procyon Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 56 shares in the last quarter. PFG Investments LLC lifted its position in shares of Marsh & McLennan Companies by 3.3% during the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 56 shares in the last quarter. Lindenwold Advisors INC lifted its position in shares of Marsh & McLennan Companies by 0.4% during the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock worth $3,022,000 after purchasing an additional 62 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 3.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,673 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 63 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 5.5% during the third quarter. Flagship Harbor Advisors LLC now owns 1,226 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MRSH. Bank of America reduced 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. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Wednesday, May 6th. Wells Fargo & Company reduced 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 cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Mizuho reduced their price target on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $203.56.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 2.5%

Shares of NYSE:MRSH opened at $165.37 on Friday. The company has a market capitalization of $79.89 billion, a P/E ratio of 20.67, a PEG ratio of 2.35 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $231.36. 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 (NYSE:MRSH) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.08. The business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal 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.