Jackson Thornton Wealth Management LLC Invests $681,000 in Marsh & McLennan Companies, Inc. $MRSH

Jackson Thornton Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,049 shares of the financial services provider’s stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC bought a new position in Marsh & McLennan Companies during the first quarter worth about $249,000. Advance Capital Management Inc. acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $547,000. Kiley Juergens Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $572,000. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $1,405,000. Finally, Busey Bank bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $224,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction dated 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 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 ownership of the stock. The transaction 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. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 1.9%

Shares of Marsh & McLennan Companies stock opened at $177.99 on Wednesday. The company has a market cap of $85.99 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.54 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a 1 year low of $156.60 and a 1 year high of $216.32. 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 earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, beating 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 net margin of 14.26% and a return on equity of 31.87%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MRSH. Piper Sandler dropped their price objective on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Barclays dropped their price target on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley cut their price objective on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, 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 report on Friday, April 17th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $199.25.

About Marsh & McLennan Companies

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.