QRG Capital Management Inc. Makes New $3.58 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

Key Points

• QRG Capital Management opened a new position in Marsh & McLennan Companies during the first quarter, buying 20,656 shares valued at about $3.58 million.
• Institutional ownership remains very high, with hedge funds and other investors holding 87.99% of the company’s stock, while several firms recently increased their stakes.
• Marsh & McLennan shares rose 2.8% to $179.63, and the company also reported better-than-expected quarterly earnings of $3.29 per share on $7.30 billion in revenue.

QRG Capital Management Inc. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,656 shares of the financial services provider's stock, valued at approximately $3,583,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after acquiring an additional 2,960 shares during the period. Bison Wealth LLC lifted its position in Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock worth $651,000 after purchasing an additional 869 shares during the period. Glenview Trust co increased its position in shares of Marsh & McLennan Companies by 10.8% during the 2nd quarter. Glenview Trust co now owns 3,897 shares of the financial services provider's stock valued at $852,000 after purchasing an additional 379 shares during the period. Osterweis Capital Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 18,440.0% in the second quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider's stock valued at $203,000 after buying an additional 922 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in Marsh & McLennan Companies during the second quarter valued at about $1,307,000. 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. Bank of America dropped their price target on Marsh & McLennan Companies from $181.00 to $174.00 and set an "underperform" rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company decreased their target price on 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. JPMorgan Chase & Co. cut their target price 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. Citigroup upgraded Marsh & McLennan Companies from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a research report on Wednesday, May 6th. Finally, Piper Sandler dropped their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $199.25.

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 stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. This trade 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Up 2.8%

Shares of MRSH stock traded up $4.90 on Tuesday, hitting $179.63. The company's stock had a trading volume of 284,023 shares, compared to its average volume of 2,966,127. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.28. The firm has a market cap of $86.78 billion, a PE ratio of 22.45, a PEG ratio of 2.60 and a beta of 0.61. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $216.32.

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 the consensus estimate of $3.21 by $0.08. The company had revenue of $7.30 billion for the quarter. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The business's quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.

About Marsh & McLennan Companies

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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