Magnetar Financial LLC Buys Shares of 24,579 Marsh & McLennan Companies, Inc. $MRSH

Magnetar Financial LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 24,579 shares of the financial services provider’s stock, valued at approximately $4,560,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at $29,000. Solstein Capital LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $27,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $28,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.3%

Shares of Marsh & McLennan Companies stock opened at $166.67 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $220.32. The firm has a market capitalization of $80.52 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.42 and a beta of 0.62. 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 (NYSE:MRSH) last announced 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 return on equity of 31.87% and a net margin of 14.26%.The company had revenue of $7.30 billion for the quarter. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MRSH shares. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a report on Friday, April 17th. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a report on Tuesday, February 17th. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Piper Sandler decreased their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. decreased their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has a consensus 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 the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $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 available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by corporate insiders.

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.