102,598 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by WASHINGTON TRUST Co

WASHINGTON TRUST Co bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 102,598 shares of the financial services provider’s stock, valued at approximately $19,034,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forsta AP Fonden purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $24,433,000. Norges Bank purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $1,555,869,000. Eurizon Capital SGR S.p.A. purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $42,935,000. Fideuram Asset Management Ireland dac purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $1,001,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $321,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MRSH stock opened at $159.73 on Friday. 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, Inc. has a one year low of $157.74 and a one year high of $235.78. The company’s 50-day simple moving average is $164.87 and its 200-day simple moving average is $172.25. The stock has a market capitalization of $77.17 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.32 and a beta of 0.65.

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, topping 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 firm had revenue of $7.30 billion for the quarter. The business’s revenue was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of 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. Cantor Fitzgerald boosted their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Wednesday, May 6th. Finally, Piper Sandler decreased their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $203.56.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the sale, the chief executive officer directly owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.

About Marsh & McLennan Companies

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.