3,758 Shares in Marsh & McLennan Companies, Inc. $MRSH Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 1st quarter, Holdings Channel reports. The firm bought 3,758 shares of the financial services provider’s stock, valued at approximately $652,000.

Other institutional investors have also recently made changes to their positions in the company. Solstein Capital LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $25,000. SHP Wealth Management purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $27,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $28,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 in the company, valued at approximately $18,889,506.81. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MRSH. Weiss Ratings downgraded shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Barclays lowered their price objective on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley cut their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a report on Friday, April 17th. Finally, Bank of America cut their price objective on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $200.19.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $168.83 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $219.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market cap of $81.56 billion, a PE ratio of 21.10, a PEG ratio of 2.46 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 EPS 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.