Marsh & McLennan Companies, Inc. $MRSH Stock Holdings Lifted by Faithward Advisors LLC

Faithward Advisors LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 165.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,273 shares of the financial services provider’s stock after purchasing an additional 5,162 shares during the period. Faithward Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,435,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MRSH. CENTRAL TRUST Co acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $156,000. Bar Harbor Wealth Management bought a new stake in Marsh & McLennan Companies in the first quarter worth $726,000. HHM Wealth Advisors LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $128,000. Western Pacific Wealth Management LP bought a new position in Marsh & McLennan Companies during the first quarter valued at about $220,000. Finally, Krilogy Financial LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $1,295,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MRSH. Bank of America lowered their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. decreased their target price 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 dropped their price target on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $200.19.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MRSH opened at $164.09 on Wednesday. The company has a market cap of $79.27 billion, a P/E ratio of 20.51, a price-to-earnings-growth 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, Inc. has a twelve month low of $156.60 and a twelve month high of $220.32.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. The company’s revenue was up 7.6% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by 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.