Marks Group Wealth Management Inc Acquires New Shares in Marsh & McLennan Companies, Inc. $MRSH

Marks Group Wealth Management Inc acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,037 shares of the financial services provider’s stock, valued at approximately $6,315,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MRSH. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at approximately $27,000. City Holding Co. acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at approximately $29,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the 2nd quarter valued at approximately $29,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction 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 transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

MRSH has been the topic of several recent analyst reports. Morgan Stanley cut 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. JPMorgan Chase & Co. cut their target price 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. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Barclays cut their target price 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, Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $203.56.

Marsh & McLennan Companies Trading Down 1.9%

Shares of MRSH stock opened at $162.35 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $229.04. The firm has a market cap of $78.43 billion, a PE ratio of 20.29, a PEG ratio of 2.41 and a beta of 0.62. 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 (NYSE:MRSH) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) 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 company had revenue of $7.30 billion for the quarter. The company’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

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.