Northwestern Mutual Wealth Management Co. Purchases Shares of 38,130 Marsh & McLennan Companies, Inc. $MRSH

Northwestern Mutual Wealth Management Co. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 38,130 shares of the financial services provider’s stock, valued at approximately $7,074,000.

Several other hedge funds and other institutional investors have also modified their holdings of MRSH. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $29,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the 2nd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $30,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $34,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings lowered Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Raymond James Financial raised Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 target price on the stock in a research report on Tuesday, February 17th. Citigroup raised 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, Piper Sandler cut their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $203.56.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $161.65 on Wednesday. The firm has a market cap of $78.09 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.37 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, Inc. has a 12 month low of $157.74 and a 12 month high of $235.78.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data 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 firm had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities 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.