Delta Global Management LP Invests $2.26 Million in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Delta Global Management LP initiated a new position in Marsh & McLennan Companies during the fourth quarter, buying 12,157 shares valued at about $2.26 million.
• The company reported better-than-expected quarterly earnings of $3.29 per share, topping estimates, while revenue rose 7.6% year over year to $7.30 billion.
• Despite the solid results, analysts remain cautious: the stock’s consensus rating is “Hold,” and recent price targets were trimmed by several firms, even as insider CEO John Q. Doyle sold shares under a pre-arranged trading plan.

Delta Global Management LP bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,157 shares of the financial services provider's stock, valued at approximately $2,255,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Procyon Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider's stock worth $423,000 after acquiring an additional 56 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Marsh & McLennan Companies by 3.3% in the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider's stock worth $326,000 after acquiring an additional 56 shares in the last quarter. Lindenwold Advisors INC lifted its holdings in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider's stock worth $3,022,000 after buying an additional 62 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in 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 buying an additional 63 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Marsh & McLennan Companies by 0.7% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 9,996 shares of the financial services provider's stock worth $2,015,000 after buying an additional 66 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

MRSH stock opened at $166.06 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $80.22 billion, a PE ratio of 20.76, a P/E/G ratio of 2.46 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.

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 for the quarter, beating 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. Marsh & McLennan Companies's quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,656 shares of the company's 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 sale, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on MRSH shares. Bank of America reduced their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company reduced their price objective 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. Weiss Ratings downgraded Marsh & McLennan Companies from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, May 11th. Keefe, Bruyette & Woods upped their price objective on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a "market perform" rating in a report on Friday, April 17th. Finally, Mizuho reduced their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a "neutral" rating on the stock in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.

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