NBT Bank N A NY Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

NBT Bank N A NY bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,462 shares of the financial services provider’s stock, valued at approximately $2,682,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Procyon Advisors LLC increased its position in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 56 shares in the last quarter. PFG Investments LLC increased its position in shares of Marsh & McLennan Companies by 3.3% during the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 56 shares during the last quarter. Lindenwold Advisors INC raised its position in Marsh & McLennan Companies by 0.4% in the third quarter. Lindenwold Advisors INC now owns 14,994 shares of the financial services provider’s stock worth $3,022,000 after acquiring an additional 62 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Marsh & McLennan Companies by 3.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,673 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 63 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 0.8% in the second quarter. EP Wealth Advisors LLC now owns 8,337 shares of the financial services provider’s stock valued at $1,823,000 after buying an additional 69 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MRSH opened at $178.13 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $216.32. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $86.05 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.60 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last posted its earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share 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 during the quarter. The firm’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies 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 sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MRSH shares. Weiss Ratings downgraded Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Wells Fargo & Company cut their target price 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. Piper Sandler lowered their price target on shares of 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, Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $200.19.

Marsh & McLennan Companies Company 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.