Turtle Creek Wealth Advisors LLC Makes New $867,000 Investment in Marsh & McLennan Companies, Inc. $MRSH

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,998 shares of the financial services provider’s stock, valued at approximately $867,000.

A number of other institutional investors have also made changes to their positions in MRSH. Solstein Capital LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $25,000. SHP Wealth Management acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $28,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MRSH. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Wednesday, May 6th. Morgan Stanley dropped 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 report on Monday, April 6th. Bank of America reduced their target price on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $200.19.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies 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 sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at approximately $18,889,506.81. The trade was 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 corporate insiders.

Marsh & McLennan Companies Stock Down 0.2%

Shares of MRSH stock opened at $178.13 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $216.32. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $86.05 billion, a P/E ratio of 22.27, a PEG ratio of 2.60 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.30 billion during the quarter. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

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.