Kentucky Retirement Systems Makes New $5.75 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Kentucky Retirement Systems bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 30,987 shares of the financial services provider’s stock, valued at approximately $5,749,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $30,000. Financial Life Planners purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $32,000. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $35,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on MRSH shares. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Wells Fargo & Company lowered 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. 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. Citigroup upgraded shares of 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. Finally, Bank of America decreased their target price 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. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $203.56.

Marsh & McLennan Companies Stock Down 0.1%

Shares of NYSE:MRSH opened at $159.73 on Monday. The stock has a market cap of $77.17 billion, a PE ratio of 19.97, a PEG ratio of 2.33 and a beta of 0.62. The stock has a fifty day simple moving average of $164.87. Marsh & McLennan Companies, Inc. has a 52 week low of $157.74 and a 52 week high of $235.78. 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 issued its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The company 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%. The company’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

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.