Fifth Third Wealth Advisors LLC Invests $1.04 Million in Marsh & McLennan Companies, Inc. $MRSH

Fifth Third Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,002 shares of the financial services provider’s stock, valued at approximately $1,041,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Lisle Cummings Inc. purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $3,537,000. OP Asset Management Ltd acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $8,876,000. Banque Cantonale Vaudoise acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth $4,096,000. Assenagon Asset Management S.A. purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $27,276,000. Finally, Faithward Advisors LLC boosted its holdings in Marsh & McLennan Companies by 165.9% in the first quarter. Faithward Advisors LLC now owns 8,273 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 5,162 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MRSH. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Wednesday, May 6th. Barclays cut their target price on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. UBS Group decreased their price target on shares of Marsh & McLennan Companies from $230.00 to $203.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. JPMorgan Chase & Co. cut their price objective on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Piper Sandler dropped their target price on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $200.19.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Stock Up 4.1%

Shares of MRSH opened at $168.83 on Friday. The company has a market capitalization of $81.56 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $219.71.

Marsh & McLennan Companies (NYSE:MRSH) last released its 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 company had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current year.

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.