Premier Path Wealth Partners LLC Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

Premier Path Wealth Partners LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,844 shares of the financial services provider’s stock, valued at approximately $493,000.

Several other institutional investors have also modified their holdings of MRSH. State Street Corp acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $4,057,682,000. Capital International Investors purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $3,482,557,000. Capital World Investors acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $3,140,284,000. Wellington Management Group LLP acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $2,967,927,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $1,710,101,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 3.5%

Marsh & McLennan Companies stock opened at $178.13 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $156.60 and a twelve month high of $216.32. The company has a market cap of $86.05 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.51 and a beta of 0.61. 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 earnings results 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 return on equity of 31.87% and a net margin of 14.26%.The business had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MRSH. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Wednesday, May 6th. Morgan Stanley reduced their target price on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Piper Sandler cut their price target 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. Finally, Mizuho reduced their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $200.19.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

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.