Peapack Gladstone Financial Corp Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Peapack Gladstone Financial Corp purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 38,729 shares of the financial services provider’s stock, valued at approximately $7,184,000.

Several other hedge funds have also made changes to their positions in the stock. Procyon Advisors LLC lifted its holdings 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 worth $423,000 after purchasing an additional 56 shares during the last quarter. PFG Investments LLC lifted its holdings in shares of Marsh & McLennan Companies by 3.3% in 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 during the last quarter. Lindenwold Advisors INC lifted its holdings in shares of Marsh & McLennan Companies by 0.4% in 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 during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 3.9% in 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 during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 5.5% in 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 during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MRSH shares. JPMorgan Chase & Co. cut their price target on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Morgan Stanley lowered their target price on 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. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $203.56.

Marsh & McLennan Companies Stock Down 0.1%

Shares of MRSH stock opened at $162.44 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $157.74 and a 1 year high of $235.78. The stock has a market cap of $78.47 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The business’s fifty day moving average is $164.41 and its 200-day moving average is $171.56. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11.

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

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.