Ilmarinen Mutual Pension Insurance Co Invests $33.69 Million in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Ilmarinen Mutual Pension Insurance Co opened a new position in Marsh & McLennan during the fourth quarter, buying 181,600 shares valued at about $33.69 million.
• The company reported strong quarterly results, with earnings per share of $3.29 beating estimates and revenue rising 7.6% year over year to $7.30 billion.
• Analyst sentiment is mixed: the stock currently carries an average “Hold” rating, while some firms raised targets and others cut them; meanwhile, CEO John Q. Doyle sold 16,655 shares in March.

Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of 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. The firm acquired 181,600 shares of the financial services provider's stock, valued at approximately $33,690,000.

Several other large investors also recently modified their holdings of MRSH. Ninety One UK Ltd grew its stake in Marsh & McLennan Companies by 163.0% during the fourth quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider's stock worth $657,113,000 after buying an additional 2,195,201 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Marsh & McLennan Companies by 9,455.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,520,164 shares of the financial services provider's stock worth $282,021,000 after acquiring an additional 1,504,255 shares during the period. Wellington Management Group LLP increased its stake in Marsh & McLennan Companies by 9.1% in the third quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider's stock valued at $3,041,386,000 after acquiring an additional 1,260,434 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Marsh & McLennan Companies by 654.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,419,104 shares of the financial services provider's stock worth $285,992,000 after purchasing an additional 1,231,059 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 29.7% in the 3rd quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider's stock valued at $663,676,000 after purchasing an additional 753,828 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MRSH opened at $159.68 on Friday. The firm has a market cap of $77.14 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 52 week low of $158.16 and a 52 week high of $235.78. The firm's fifty day moving average is $165.50 and its 200-day moving average is $172.43.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.Marsh & McLennan Companies's revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on MRSH shares. Raymond James Financial raised Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 price objective on the stock in a research note on Tuesday, February 17th. Bank of America reduced their price target on shares of 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. Piper Sandler dropped their price objective 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. Mizuho decreased their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a "neutral" rating on the stock in a research note on Monday, April 13th. Finally, Morgan Stanley reduced their price objective on Marsh & McLennan Companies from $195.00 to $190.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $203.56.

Insider Activity

In other news, CEO John Q. Doyle sold 16,655 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company's stock.

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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