170,276 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the first quarter, Holdings Channel reports. The fund bought 170,276 shares of the financial services provider’s stock, valued at approximately $29,534,000.

Other hedge funds have also recently made changes to their positions in the company. Essex LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $2,891,000. USS Investment Management Ltd raised its stake in Marsh & McLennan Companies by 4.0% during the first quarter. USS Investment Management Ltd now owns 84,645 shares of the financial services provider’s stock valued at $14,680,000 after buying an additional 3,271 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Marsh & McLennan Companies by 3.4% in the first quarter. IFM Investors Pty Ltd now owns 97,885 shares of the financial services provider’s stock worth $16,978,000 after acquiring an additional 3,194 shares in the last quarter. Key Financial Inc grew its stake in shares of Marsh & McLennan Companies by 344.1% in the first quarter. Key Financial Inc now owns 493 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 382 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at $264,000. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’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 sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MRSH opened at $171.84 on Thursday. 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 stock has a market cap of $83.02 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 2.43 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $217.07.

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 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%. Marsh & McLennan Companies’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRSH. JPMorgan Chase & Co. dropped their price target on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Piper Sandler decreased 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 report on Tuesday, May 26th. Barclays dropped their target price on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price target 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. Finally, Citigroup upgraded 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 report on Wednesday, May 6th. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $200.19.

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.