Bryn Mawr Trust Advisors LLC Grows Position in Marsh & McLennan Companies, Inc. $MMC

Bryn Mawr Trust Advisors LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 47.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,477 shares of the financial services provider’s stock after buying an additional 3,070 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,910,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Marsh & McLennan Companies during the second quarter worth $1,328,587,000. Valeo Financial Advisors LLC lifted its stake in Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after acquiring an additional 2,623,745 shares in the last quarter. Soundwatch Capital LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter valued at about $560,820,000. Mackenzie Financial Corp grew its position in Marsh & McLennan Companies by 212.6% in the 2nd quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock valued at $499,635,000 after acquiring an additional 1,554,114 shares in the last quarter. Finally, Amundi increased its stake in Marsh & McLennan Companies by 89.2% during the second quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock worth $615,309,000 after purchasing an additional 1,363,706 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MMC. Morgan Stanley cut their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Mizuho started coverage on Marsh & McLennan Companies in a research report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective on the stock. Bank of America reiterated an “underperform” rating and issued a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Finally, Barclays lifted their price objective on Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $218.82.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The firm has a market cap of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The business’s 50-day simple moving average is $183.96 and its 200-day simple moving average is $192.98.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

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.