Bryn Mawr Capital Management LLC Sells 2,023 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bryn Mawr Capital Management LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,706 shares of the financial services provider’s stock after selling 2,023 shares during the period. 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.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich increased its position in Marsh & McLennan Companies by 7.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 93,602 shares of the financial services provider’s stock valued at $17,735,000 after purchasing an additional 6,340 shares during the period. Stevens Capital Management LP purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at about $1,508,000. Syon Capital LLC increased its position in Marsh & McLennan Companies by 15.0% during the 4th quarter. Syon Capital LLC now owns 7,764 shares of the financial services provider’s stock valued at $1,471,000 after purchasing an additional 1,015 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in Marsh & McLennan Companies by 6.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,716 shares of the financial services provider’s stock valued at $2,030,000 after purchasing an additional 602 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in Marsh & McLennan Companies by 3.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 6,311 shares of the financial services provider’s stock valued at $1,196,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value 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 the SEC website. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,291,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the company’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 owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 in the last three months. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MMC. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price objective for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research report on Wednesday, April 17th. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Evercore ISI lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, UBS Group boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded down $3.52 on Friday, hitting $197.95. 1,783,598 shares of the company’s stock traded hands, compared to its average volume of 1,735,621. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The firm’s 50-day moving average price is $203.10 and its two-hundred day moving average price is $197.13. 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 (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the business posted $2.53 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. 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 is currently 36.04%.

About Marsh & McLennan Companies

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.