WASHINGTON TRUST Co Invests $19.03 Million in Marsh & McLennan Companies, Inc. $MRSH

WASHINGTON TRUST Co purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 102,598 shares of the financial services provider’s stock, valued at approximately $19,034,000.

Other institutional investors have also recently made changes to their positions in the company. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $30,000. Financial Life Planners purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $32,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.

Marsh & McLennan Companies Trading Up 0.1%

Shares of Marsh & McLennan Companies stock opened at $159.73 on Friday. The company’s fifty 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 PE ratio of 19.97, a P/E/G ratio of 2.32 and a beta of 0.65. Marsh & McLennan Companies, Inc. has a 1-year low of $157.74 and a 1-year high of $235.78. 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 (NYSE:MRSH) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.08. The business had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MRSH shares. Morgan Stanley dropped their price objective on Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company dropped their price objective on Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Cantor Fitzgerald raised their target price on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $203.56.

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.