Bancreek Capital Management LP Has $5.82 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bancreek Capital Management LP cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,420 shares of the financial services provider's stock after selling 12,312 shares during the quarter. Marsh & McLennan Companies accounts for 5.7% of Bancreek Capital Management LP's portfolio, making the stock its 7th biggest holding. Bancreek Capital Management LP's holdings in Marsh & McLennan Companies were worth $5,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $281,000. Wayfinding Financial LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $217,000. TD Private Client Wealth LLC boosted its stake in Marsh & McLennan Companies by 4.1% in the 4th quarter. TD Private Client Wealth LLC now owns 8,619 shares of the financial services provider's stock valued at $1,831,000 after buying an additional 340 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at $49,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 62,768 shares of the financial services provider's stock valued at $13,332,000 after acquiring an additional 2,819 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Remove Ads

Marsh & McLennan Companies Trading Up 0.9 %

Shares of Marsh & McLennan Companies stock traded up $2.10 on Wednesday, hitting $238.72. 1,873,660 shares of the company's stock traded hands, compared to its average volume of 1,636,818. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $117.24 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The firm's 50-day moving average price is $228.03 and its two-hundred day moving average price is $223.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.37%. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research note on Tuesday. They issued a "buy" rating and a $281.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus target price of $233.41.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,828 shares of company stock valued at $13,350,279. Company insiders own 0.30% 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.