9,959 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Syon Capital LLC

Key Points

• Syon Capital LLC opened a new position in Marsh & McLennan Companies, buying 9,959 shares worth about $1.85 million in the fourth quarter.
• Insider activity included CEO John Q. Doyle selling 16,656 shares for about $2.69 million under a pre-arranged Rule 10b5-1 trading plan.
• The company reported better-than-expected quarterly earnings of $3.29 per share on revenue of $7.3 billion, while analysts currently rate the stock a Hold with a consensus price target of about $203.56.

Syon Capital LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,959 shares of the financial services provider's stock, valued at approximately $1,848,000.

A number of other institutional investors also recently bought and sold shares of MRSH. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bison Wealth LLC lifted its position in shares of Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock worth $651,000 after purchasing an additional 869 shares during the last quarter. Glenview Trust co lifted its position in shares of Marsh & McLennan Companies by 10.8% during the second quarter. Glenview Trust co now owns 3,897 shares of the financial services provider's stock worth $852,000 after purchasing an additional 379 shares during the last quarter. Osterweis Capital Management Inc. lifted its position in shares of Marsh & McLennan Companies by 18,440.0% during the second quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider's stock worth $203,000 after purchasing an additional 922 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter worth $1,307,000. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions 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 dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Down 0.0%

NYSE:MRSH opened at $165.37 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $231.36. The stock has a market capitalization of $79.89 billion, a P/E 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 - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share 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 company had revenue of $7.30 billion during the quarter. The firm's revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho decreased their target price 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. Weiss Ratings downgraded Marsh & McLennan Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a "market perform" rating in a research report on Friday, April 17th. Bank of America cut their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 14th. Finally, Raymond James Financial raised shares of Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 price objective for the company in a research note on Tuesday, February 17th. One 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $203.56.

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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