4,835 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the first quarter, Holdings Channel reports. The firm bought 4,835 shares of the financial services provider’s stock, valued at approximately $839,000.

A number of other hedge funds also recently bought and sold shares of MRSH. State Street Corp bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $4,057,682,000. Capital International Investors bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $3,482,557,000. Capital World Investors acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $3,140,284,000. Wellington Management Group LLP bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $1,710,101,000. 87.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction dated 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 of the company’s stock, valued at $18,889,506.81. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Up 4.1%

Shares of MRSH stock opened at $168.83 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $219.71. The firm has a market capitalization of $81.56 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.46 and a beta of 0.62. 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 released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $7.30 billion during the quarter. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on MRSH. Bank of America cut their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. lowered their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings cut 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 target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Finally, Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday, May 6th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $200.19.

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.