Heritage Trust Co Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Heritage Trust Co acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, HoldingsChannel reports. The firm acquired 16,349 shares of the financial services provider’s stock, valued at approximately $3,033,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Procyon Advisors LLC grew its position in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 56 shares during the period. PFG Investments LLC grew its position in shares of Marsh & McLennan Companies by 3.3% during the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 56 shares in the last quarter. Lindenwold Advisors INC grew its position in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock worth $3,022,000 after purchasing an additional 62 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Marsh & McLennan Companies by 3.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,673 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 63 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in shares of Marsh & McLennan Companies by 5.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,226 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MRSH. Piper Sandler cut 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 report on Tuesday, May 26th. Mizuho reduced 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 note on Monday, April 13th. Raymond James Financial raised 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 note on Tuesday, February 17th. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald raised their price objective on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $203.56.

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 dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Down 0.1%

NYSE:MRSH opened at $162.44 on Tuesday. Marsh & McLennan Companies, Inc. has a 52 week low of $157.74 and a 52 week high of $235.78. The company has a fifty day moving average of $164.41 and a 200 day moving average of $171.56. The firm has a market capitalization of $78.47 billion, a P/E ratio of 20.30, a P/E/G 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 (NYSE:MRSH) last released its quarterly earnings data 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 business had revenue of $7.30 billion during 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% on a year-over-year basis. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

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.