Rakuten Investment Management Inc. Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Rakuten Investment Management Inc. purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 64,536 shares of the financial services provider’s stock, valued at approximately $12,109,000.

Several other large investors have also made changes to their positions in MRSH. Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $27,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $28,000. Finally, City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MRSH. Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research report on Tuesday, February 17th. Morgan Stanley reduced 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. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday, May 6th. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Bank of America dropped their price objective on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given 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 an average price target of $200.19.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.3%

MRSH stock opened at $166.67 on Wednesday. The firm has a market cap of $80.52 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $220.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results 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 firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share 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.