Burke & Herbert Bank & Trust Co. Buys New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Burke & Herbert Bank & Trust Co. bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 1st quarter, HoldingsChannel.com reports. The firm bought 928 shares of the financial services provider’s stock, valued at approximately $226,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $37,178,000. Jones Financial Companies Lllp grew its holdings in shares of Marsh & McLennan Companies by 128.5% during the fourth quarter. Jones Financial Companies Lllp now owns 4,280 shares of the financial services provider’s stock worth $909,000 after buying an additional 2,407 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $136,000. Finally, Proficio Capital Partners LLC grew its holdings in shares of Marsh & McLennan Companies by 40.1% during the fourth quarter. Proficio Capital Partners LLC now owns 3,244 shares of the financial services provider’s stock worth $689,000 after buying an additional 928 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price objective for the company. Barclays upped their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. Finally, Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Trading Down 0.1%

NYSE MMC opened at $212.43 on Friday. The firm’s 50-day moving average is $223.77 and its two-hundred day moving average is $224.73. Marsh & McLennan Companies, Inc. has a 12 month low of $207.21 and a 12 month high of $248.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $104.67 billion, a P/E ratio of 26.03, a PEG ratio of 2.64 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same quarter in the prior year, the company posted $2.89 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.