Bridges Investment Management Inc. Invests $13.71 Million in Marsh & McLennan Companies, Inc. $MRSH

Bridges Investment Management Inc. acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,889 shares of the financial services provider’s stock, valued at approximately $13,708,000.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on MRSH. Weiss Ratings lowered shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Piper Sandler decreased their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Wells Fargo & Company cut their target price on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Mizuho reduced 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 report on Monday, April 13th. 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, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $203.56.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $161.65 on Wednesday. The company has a market cap of $78.09 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 52-week low of $157.74 and a 52-week high of $235.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly 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 firm had revenue of $7.30 billion for 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. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share 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.