Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,706 shares of the financial services provider’s stock after selling 2,023 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $1,839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Marsh & McLennan Companies by 0.3% during the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after buying an additional 61,408 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after buying an additional 31,821 shares during the last quarter. Morgan Stanley raised its stake in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after buying an additional 150,655 shares during the last quarter. Northern Trust Corp raised its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after buying an additional 271,408 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Marsh & McLennan Companies by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock worth $623,723,000 after buying an additional 83,785 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now owns 14,199 shares in the company, valued at $2,868,198. The disclosure for this sale can be found here. In the last three months, insiders sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

MMC has been the subject of several research reports. TD Cowen lifted their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday. Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a report on Wednesday, April 17th. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. Finally, Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Stock Down 1.7 %

NYSE MMC traded down $3.52 on Friday, reaching $197.95. The company had a trading volume of 1,783,598 shares, compared to its average volume of 1,735,621. The firm has a market capitalization of $97.53 billion, a PE ratio of 25.12, a P/E/G ratio of 3.35 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The firm has a 50-day moving average of $203.10 and a 200-day moving average of $197.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.53 EPS. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.