RBC Raises Stake in MRSH to $575 Million

Royal Bank of Canada (RBC) increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 4.7% during the first quarter of this year. According to a recent disclosure with the Securities and Exchange Commission (SEC), RBC now owns 3,316,579 shares of MRSH's stock, valued at approximately $575 million.

This represents about 0.69% of MRSH's outstanding shares and indicates that RBC has maintained its confidence in the company's future prospects.