Bristol Gate Capital Partners Inc. Sells 82,679 Shares of Marsh & McLennan Companies, Inc. $MMC

Bristol Gate Capital Partners Inc. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 holdings, making the stock its 12th largest position. Bristol Gate Capital Partners Inc.’s holdings in Marsh & McLennan Companies were worth $78,201,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in shares of Marsh & McLennan Companies by 3.6% during the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after buying an additional 44 shares during the period. E Fund Management Co. Ltd. grew its stake in Marsh & McLennan Companies by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 47 shares in the last quarter. McAdam LLC increased its holdings in Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 47 shares during the period. AdvisorNet Financial Inc boosted its holdings in Marsh & McLennan Companies by 5.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 47 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of Marsh & McLennan Companies by 2.8% during the 1st quarter. Moors & Cabot Inc. now owns 1,738 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Cowen dropped their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price on the stock. UBS Group lowered their price target on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price target on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $224.56.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $183.51 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The company has a market capitalization of $89.90 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The business’s fifty day moving average is $189.42 and its 200 day moving average is $204.75. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

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

Marsh & McLennan Companies Dividend Announcement

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

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.