17,516 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by PEAK6 LLC

Key Points

• PEAK6 LLC initiated a new position in Marsh & McLennan Companies during the fourth quarter, buying 17,516 shares worth about $3.25 million.
• Several other hedge funds also increased their holdings, and overall 87.99% of the stock is owned by institutional investors and hedge funds.
• Analyst sentiment remains mixed: the stock carries a Hold consensus rating with an average price target of $200.19, while CEO John Q. Doyle recently sold 16,656 shares under a pre-arranged trading plan.

PEAK6 LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,516 shares of the financial services provider's stock, valued at approximately $3,250,000.

Other hedge funds also recently bought and sold shares of the company. Procyon Advisors LLC increased its holdings in Marsh & McLennan Companies by 2.5% in the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider's stock worth $423,000 after buying an additional 56 shares during the last quarter. PFG Investments LLC lifted its stake in Marsh & McLennan Companies by 3.3% in the fourth quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider's stock valued at $326,000 after acquiring an additional 56 shares during the last quarter. Lindenwold Advisors INC grew its position in Marsh & McLennan Companies by 0.4% in the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider's stock worth $3,022,000 after acquiring an additional 62 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 3.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,673 shares of the financial services provider's stock worth $306,000 after purchasing an additional 63 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its holdings in shares of Marsh & McLennan Companies by 7.1% during the 3rd quarter. First Heartland Consultants Inc. now owns 1,000 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 66 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a "market perform" rating in a report on Friday, April 17th. Mizuho reduced their price target 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. Morgan Stanley decreased their price target on 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. Weiss Ratings lowered Marsh & McLennan Companies from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, May 11th. Finally, Bank of America reduced their target price on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $200.19.

Insider Activity

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

Marsh & McLennan Companies Trading Down 0.3%

Shares of Marsh & McLennan Companies stock opened at $161.96 on Friday. The stock has a market cap of $78.24 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $220.32. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping 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 was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

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.

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