Savant Capital LLC Invests $1.60 Million in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Savant Capital LLC opened a new position in Marsh & McLennan Companies in the fourth quarter, buying 8,622 shares valued at about $1.6 million.
• Institutional interest in MRSH remains high, with hedge funds and asset managers adding to positions; the article notes that 87.99% of the stock is owned by institutional investors.
• Analysts currently rate the stock Hold overall, with a consensus price target of $203.56, while the company recently beat earnings estimates and posted 7.6% revenue growth in the latest quarter.

Savant Capital LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 8,622 shares of the financial services provider's stock, valued at approximately $1,599,000.

A number of other hedge funds also recently made changes to their positions in MRSH. Ninety One UK Ltd raised its stake in shares of Marsh & McLennan Companies by 163.0% during the 4th quarter. Ninety One UK Ltd now owns 3,542,004 shares of the financial services provider's stock worth $657,113,000 after purchasing an additional 2,195,201 shares during the period. Assenagon Asset Management S.A. raised its stake 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 purchasing an additional 1,504,255 shares during the period. Wellington Management Group LLP raised its stake in shares of Marsh & McLennan Companies by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 15,091,478 shares of the financial services provider's stock worth $3,041,386,000 after purchasing an additional 1,260,434 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Marsh & McLennan Companies by 654.7% during the 3rd 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 period. Finally, Invesco Ltd. raised its stake in shares of Marsh & McLennan Companies by 29.7% during the 3rd quarter. Invesco Ltd. now owns 3,293,188 shares of the financial services provider's stock worth $663,676,000 after purchasing an additional 753,828 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings cut Marsh & McLennan Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Mizuho lowered their price objective on 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. Barclays lowered their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Finally, Cantor Fitzgerald boosted their price objective on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an "overweight" rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus price target of $203.56.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $159.73 on Monday. The firm has a 50-day moving average price of $164.87. Marsh & McLennan Companies, Inc. has a 52-week low of $157.74 and a 52-week high of $235.78. The company has a market cap of $77.17 billion, a PE ratio of 19.97, a P/E/G ratio of 2.33 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 announced 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. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion for the quarter. The company's revenue was up 7.6% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Marsh & McLennan Companies Company 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.

Want to see what other hedge funds are holding MRSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.