Walter Public Investments Inc. Takes $19.84 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Walter Public Investments Inc. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 106,951 shares of the financial services provider’s stock, valued at approximately $19,842,000. Marsh & McLennan Companies makes up approximately 3.5% of Walter Public Investments Inc.’s portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth about $30,000. Financial Life Planners bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth about $32,000. City Holding Co. bought a new stake in Marsh & McLennan Companies in the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth about $35,000. 87.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 0.1%

Shares of MRSH stock opened at $159.73 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $157.74 and a 12 month high of $235.78. The stock has a market cap of $77.17 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.33 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The company has a 50 day simple moving average of $164.87 and a two-hundred day simple moving average of $172.02.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share 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 business had revenue of $7.30 billion for the quarter. The company’s revenue was up 7.6% on a year-over-year basis. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Analyst Ratings Changes

MRSH has been the subject of several research analyst reports. Mizuho reduced their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $203.56.

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.