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

Key Points

• NBT Bank N A NY opened a new position in Marsh & McLennan Companies during the first quarter, buying 15,462 shares valued at about $2.68 million.
• Marsh & McLennan reported better-than-expected quarterly earnings of $3.29 per share, topping estimates by $0.08, while revenue rose 7.6% year over year to $7.30 billion.
• Analyst sentiment remains mixed: the stock has an average Hold rating with a consensus price target of $200.19, though several firms recently lowered targets. CEO John Q. Doyle also sold shares in a pre-arranged transaction.

NBT Bank N A NY bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) 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 - Get Free Report) 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.

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