Bancreek Capital Management LP Has $8.86 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bancreek Capital Management LP raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,732 shares of the financial services provider's stock after buying an additional 3,756 shares during the quarter. Marsh & McLennan Companies comprises about 5.6% of Bancreek Capital Management LP's investment portfolio, making the stock its 9th biggest position. Bancreek Capital Management LP's holdings in Marsh & McLennan Companies were worth $8,864,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MMC. Aptus Capital Advisors LLC raised its stake in Marsh & McLennan Companies by 21.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 69,197 shares of the financial services provider's stock valued at $15,437,000 after purchasing an additional 12,093 shares during the last quarter. Savvy Advisors Inc. raised its position in shares of Marsh & McLennan Companies by 155.1% in the third quarter. Savvy Advisors Inc. now owns 2,962 shares of the financial services provider's stock valued at $661,000 after buying an additional 1,801 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Marsh & McLennan Companies by 33.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,615 shares of the financial services provider's stock valued at $583,000 after buying an additional 661 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Marsh & McLennan Companies by 1.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,180,567 shares of the financial services provider's stock worth $263,373,000 after acquiring an additional 18,202 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $19,097,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Up 0.4 %

NYSE MMC traded up $0.89 on Wednesday, reaching $226.06. The company had a trading volume of 463,767 shares, compared to its average volume of 1,683,096. The firm has a market capitalization of $111.02 billion, a PE ratio of 27.78, a P/E/G ratio of 3.35 and a beta of 0.94. The firm has a 50-day moving average of $224.68 and a 200-day moving average of $217.64. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $232.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the business earned $1.57 EPS. The business's revenue was up 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio is currently 40.15%.

Analysts Set New Price Targets

MMC has been the subject of a number of recent analyst reports. Roth Mkm lifted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Finally, UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $225.33.

Marsh & McLennan Companies Profile

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.