Essex Financial Services Inc. Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Essex Financial Services Inc. bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,985 shares of the financial services provider’s stock, valued at approximately $1,296,000.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the 2nd quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $30,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $32,000. City Holding Co. acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $35,000. 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 16,655 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

NYSE MRSH opened at $159.73 on Monday. Marsh & McLennan Companies, Inc. has a 12 month low of $157.74 and a 12 month high of $235.78. The company’s 50-day moving average is $164.87. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $77.17 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.33 and a beta of 0.62.

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 the consensus estimate 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 business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Piper Sandler decreased their price objective on shares of 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 decreased their price objective 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. Mizuho decreased their price objective on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, Raymond James Financial upgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $203.56.

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.