Bowen Hanes & Co. Inc. Invests $1.65 Million in Marsh & McLennan Companies, Inc. $MRSH

Bowen Hanes & Co. Inc. purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 8,911 shares of the financial services provider’s stock, valued at approximately $1,653,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sarver Vrooman Wealth Advisors bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $49,000. REAP Financial Group LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $105,000. Goldstein Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $235,000. Nvest Financial LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $487,000. Finally, Avestar Capital LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $215,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MRSH shares. JPMorgan Chase & Co. decreased their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Raymond James Financial upgraded Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective for the company in a research note on Tuesday, February 17th. Piper Sandler decreased their price objective on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Bank of America decreased their price objective on Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Mizuho decreased their price target 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 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 assigned a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $203.56.

Marsh & McLennan Companies Trading Down 2.4%

Marsh & McLennan Companies stock opened at $157.52 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $235.38. The stock has a market capitalization of $76.10 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 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 company had revenue of $7.30 billion during the quarter. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

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.