Sustainable Insight Capital Management LLC Takes $7.96 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Sustainable Insight Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, Holdings Channel reports. The fund acquired 42,915 shares of the financial services provider’s stock, valued at approximately $7,962,000. Marsh & McLennan Companies accounts for 2.7% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of MRSH. Capital International Investors bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $3,482,557,000. Capital World Investors purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $3,140,284,000. Norges Bank purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $1,555,869,000. Capital Research Global Investors purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $1,481,896,000. Finally, Clearbridge Investments LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $941,815,000. 87.99% of the stock is currently owned by institutional investors.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $168.20 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $220.32. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.43 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data 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 business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Analysts Set New Price Targets

MRSH has been the subject of several research analyst reports. 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. Barclays cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Mizuho cut their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Morgan Stanley cut their target price on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $200.19.

About Marsh & McLennan Companies

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.