Northwestern Mutual Wealth Management Co. Acquires New Position in Marsh & McLennan Companies, Inc. $MRSH

Northwestern Mutual Wealth Management Co. acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,130 shares of the financial services provider’s stock, valued at approximately $7,074,000.

A number of other large investors also recently bought and sold shares of the stock. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $29,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $30,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $32,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MRSH has been the topic of several research reports. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price target on the stock in a research report on Tuesday, February 17th. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Mizuho reduced their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Piper Sandler reduced their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Finally, Morgan Stanley reduced their target price on shares of Marsh & McLennan Companies from $195.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $203.56.

Marsh & McLennan Companies Stock Performance

Shares of MRSH opened at $161.65 on Wednesday. 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 company has a market cap of $78.09 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 12-month low of $157.74 and a 12-month high of $235.78.

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. 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 during the quarter. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current year.

Marsh & McLennan Companies 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.