17,805 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 17,805 shares of the financial services provider’s stock, valued at approximately $3,303,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $14,837,000. Mcrae Capital Management Inc. bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $544,000. Cibc World Market Inc. bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $11,519,000. TD Asset Management Inc bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $176,163,000. Finally, Intellectus Partners LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $244,000. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Mizuho cut their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Bank of America cut their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Wednesday, May 6th. Finally, Morgan Stanley cut their price objective on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $203.56.

Marsh & McLennan Companies Stock Up 2.5%

MRSH opened at $165.37 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $231.36. The company has a market capitalization of $79.89 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.41 and a beta of 0.62. 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 for the quarter, topping the consensus estimate of $3.21 by $0.08. The business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 of the company’s stock, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 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.