Bristol Gate Capital Partners Inc. Has $78.20 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Bristol Gate Capital Partners Inc. reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 357,669 shares of the financial services provider’s stock after selling 82,679 shares during the quarter. Marsh & McLennan Companies comprises about 4.4% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 12th biggest position. Bristol Gate Capital Partners Inc. owned approximately 0.07% of Marsh & McLennan Companies worth $78,201,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management raised its holdings in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after buying an additional 111 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the last quarter. Finally, Capital Analysts LLC increased its position in shares of Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.4%

Shares of MMC stock opened at $183.51 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a market cap of $89.90 billion, a P/E ratio of 22.00, a PEG ratio of 2.25 and a beta of 0.78. The company has a 50 day moving average of $189.42 and a 200-day moving average of $204.75. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the company earned $1.63 earnings per share. Marsh & McLennan Companies’s revenue was up 11.5% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MMC. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. TD Cowen cut their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price target for the company from $200.00 to $195.00 in a research report on Monday, October 20th. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $248.00 to $242.00 in a report on Thursday, October 9th. Finally, Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $224.56.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.