Mariner LLC Invests $80.27 Million in Marsh & McLennan Companies, Inc. $MRSH

Mariner LLC bought a new position in shares of 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 fund bought 432,621 shares of the financial services provider’s stock, valued at approximately $80,268,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Solstein Capital LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $27,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $28,000. Finally, City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler cut their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. UBS Group lowered their price target on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. 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. Finally, Mizuho lowered 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 investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $200.19.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Down 1.6%

Shares of MRSH stock opened at $166.06 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a 12 month low of $156.60 and a 12 month high of $220.32. The stock has a market cap of $80.22 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.46 and a beta of 0.62.

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. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company had revenue of $7.30 billion for the quarter. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Marsh & McLennan Companies Company 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.