Whittier Trust Co. of Nevada Inc. Acquires Shares of 70,687 Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Whittier Trust Co. of Nevada opened a new position in Marsh & McLennan during Q1, buying 70,687 shares worth about $12.36 million.
• Institutional ownership remains high at 87.99%, and several other funds also increased their stakes in the company in recent quarters.
• Marsh & McLennan posted better-than-expected quarterly earnings of $3.29 per share on $7.30 billion in revenue, while analysts currently hold a consensus rating of “Hold” with an average price target of $200.19.

Whittier Trust Co. of Nevada Inc. bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 70,687 shares of the financial services provider's stock, valued at approximately $12,358,000.

A number of other institutional investors have also recently made changes to their positions in the business. Numerai GP LLC boosted its holdings in Marsh & McLennan Companies by 966.2% during the 3rd quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider's stock valued at $7,501,000 after acquiring an additional 33,729 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of Marsh & McLennan Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider's stock worth $24,960,000 after purchasing an additional 11,648 shares during the last quarter. Sarasin & Partners LLP boosted its stake in shares of Marsh & McLennan Companies by 0.9% during the fourth quarter. Sarasin & Partners LLP now owns 934,732 shares of the financial services provider's stock valued at $173,411,000 after purchasing an additional 8,283 shares during the period. CSM Advisors LLC purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth about $1,180,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in Marsh & McLennan Companies by 26.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 136,179 shares of the financial services provider's stock valued at $27,444,000 after buying an additional 28,419 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

A number of 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 target price on the stock in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a "market perform" rating in a report on Friday, April 17th. Bank of America reduced their price objective 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. Mizuho decreased their target price 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. 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 report on Tuesday, May 26th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $200.19.

Marsh & McLennan Companies Stock Down 0.2%

Shares of MRSH opened at $178.13 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.11 and a quick ratio of 1.11. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $216.32. The company has a market capitalization of $86.05 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.60 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) 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 net margin of 14.26% and a return on equity of 31.87%. Marsh & McLennan Companies's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO John Q. Doyle sold 16,656 shares of Marsh & McLennan Companies stock in a transaction 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 transaction, the chief executive officer directly owned 116,811 shares in the company, valued at approximately $18,889,506.81. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.38% of the company's stock.

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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