Bridges Investment Management Inc. Takes Position in Marsh & McLennan Companies, Inc. $MRSH

Bridges Investment Management Inc. acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 73,889 shares of the financial services provider’s stock, valued at approximately $13,708,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Family Office LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $260,000. Natixis Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $160,197,000. Heritage Trust Co bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $3,033,000. AXQ Capital LP bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $2,554,000. Finally, Fielder Capital Group LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $385,000. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MRSH shares. JPMorgan Chase & Co. reduced their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods upped their target price 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. Mizuho reduced their target price on Marsh & McLennan Companies from $199.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Citigroup raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Wednesday, May 6th. Finally, 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 report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $203.56.

Marsh & McLennan Companies Stock Down 0.6%

NYSE:MRSH opened at $161.65 on Wednesday. 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 company has a market capitalization of $78.09 billion, a P/E ratio of 20.21, a P/E/G 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 posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 earnings per share for the current 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.