Venturi Wealth Management LLC Makes New $1.06 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Venturi Wealth Management LLC acquired 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 (SEC). The fund acquired 6,102 shares of the financial services provider’s stock, valued at approximately $1,058,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at about $4,057,682,000. Capital International Investors acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $3,482,557,000. Capital World Investors purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $3,140,284,000. Wellington Management Group LLP purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $1,710,101,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $168.83 on Friday. The firm has a market capitalization of $81.56 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.11 and a current ratio of 1.11. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $219.71.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) 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 business had revenue of $7.30 billion during the quarter. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on MRSH shares. Citigroup upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Wednesday, May 6th. Barclays decreased their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Morgan Stanley cut their price target on 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. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research report on Friday, April 17th. Finally, Mizuho lowered their price objective on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $200.19.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This 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 at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by company insiders.

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.