SVB Wealth LLC Buys Shares of 18,369 Marsh & McLennan Companies, Inc. $MRSH

SVB Wealth LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the first quarter, Holdings Channel.com reports. The firm purchased 18,369 shares of the financial services provider’s stock, valued at approximately $3,186,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Solstein Capital LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $25,000. SHP Wealth Management bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $27,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $28,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Mizuho reduced their price target on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Morgan Stanley dropped their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Barclays lowered their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $200.19.

Marsh & McLennan Companies Price Performance

Shares of MRSH opened at $160.23 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. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $220.32. The firm has a market cap of $77.41 billion, a PE ratio of 20.03, a P/E/G ratio of 2.37 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last issued its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In related 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 transaction of $2,693,441.76. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, 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 SEC, which is available through this hyperlink. 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 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.