Nicolet Advisory Services LLC Takes $718,000 Position in Marsh & McLennan Companies, Inc. $MRSH

Nicolet Advisory Services LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,868 shares of the financial services provider’s stock, valued at approximately $718,000.

Several other institutional investors and hedge funds have also made changes to their positions in MRSH. Brighton Jones LLC boosted its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares in the last quarter. Glenview Trust co boosted its position in shares of Marsh & McLennan Companies by 10.8% during the 2nd quarter. Glenview Trust co now owns 3,897 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 379 shares in the last quarter. Osterweis Capital Management Inc. boosted its position in shares of Marsh & McLennan Companies by 18,440.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 922 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth about $1,307,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $168.67 on Monday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $220.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $81.49 billion, a PE ratio of 21.08, a PEG ratio of 2.46 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last posted its 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 business 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 quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MRSH shares. JPMorgan Chase & Co. lowered their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Morgan Stanley lowered their price objective on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Finally, Piper Sandler reduced their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $200.19.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the company’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 sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing 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 currently owned by corporate insiders.

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.