Bryn Mawr Trust Advisors LLC Takes $1.27 Million Position in Marsh & McLennan Companies, Inc. $MRSH

Bryn Mawr Trust Advisors LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,633 shares of the financial services provider’s stock, valued at approximately $1,272,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss Life Asset Management Ltd lifted its holdings in shares of Marsh & McLennan Companies by 9.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 134,542 shares of the financial services provider’s stock worth $24,960,000 after buying an additional 11,648 shares in the last quarter. Essex LLC purchased a new position in Marsh & McLennan Companies during the first quarter valued at approximately $2,891,000. Vanguard Group Inc. increased its holdings in Marsh & McLennan Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,589,633 shares of the financial services provider’s stock worth $8,643,309,000 after acquiring an additional 387,100 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Marsh & McLennan Companies by 20.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,934 shares of the financial services provider’s stock worth $16,499,000 after purchasing an additional 15,166 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Marsh & McLennan Companies by 26.6% in the 4th quarter. Benjamin Edwards Inc. now owns 35,293 shares of the financial services provider’s stock valued at $6,549,000 after purchasing an additional 7,418 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MRSH stock opened at $187.75 on Friday. The company has a market cap of $89.60 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.71 and a beta of 0.59. The firm’s fifty day simple moving average is $177.66. Marsh & McLennan Companies, Inc. has a 52 week low of $156.60 and a 52 week high of $213.80. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The business had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were paid a $0.99 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.1%. Marsh & McLennan Companies’s dividend payout ratio is presently 48.41%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Citigroup lowered Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $201.94.

Insider Buying and Selling

In related news, SVP Paul Beswick sold 713 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $198.00, for a total transaction of $141,174.00. Following the transaction, the senior vice president directly owned 16,376 shares in the company, valued at $3,242,448. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer owned 116,811 shares of the company’s stock, valued at $18,889,506.81. The trade was a 12.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 36,469 shares of company stock valued at $6,291,345. 0.38% of the stock is owned by insiders.

Marsh & McLennan Companies Profile

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.