Caldwell Trust Co Purchases New Stake in Marsh & McLennan Companies, Inc. $MRSH

Caldwell Trust Co purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,531 shares of the financial services provider’s stock, valued at approximately $612,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bison Wealth LLC lifted its position in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after buying an additional 869 shares during the period. Glenview Trust co boosted its holdings 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 valued at $852,000 after buying an additional 379 shares in the last quarter. Osterweis Capital Management Inc. grew its position in shares of Marsh & McLennan Companies by 18,440.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider’s stock worth $203,000 after buying an additional 922 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth about $1,307,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies 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 value 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 approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MRSH. Bank of America dropped their price objective on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Piper Sandler dropped their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Morgan Stanley cut their price target 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. Finally, Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $200.19.

Marsh & McLennan Companies Stock Down 0.1%

Shares of Marsh & McLennan Companies stock opened at $168.83 on Monday. The stock has a market capitalization of $81.56 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.46 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $219.71. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion for the quarter. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts anticipate 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.