Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Position Reduced by Bancreek Capital Management LP

Bancreek Capital Management LP decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,420 shares of the financial services provider’s stock after selling 12,312 shares during the period. Marsh & McLennan Companies accounts for approximately 5.7% of Bancreek Capital Management LP’s investment portfolio, making the stock its 7th largest position. Bancreek Capital Management LP’s holdings in Marsh & McLennan Companies were worth $5,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MMC. Geode Capital Management LLC increased its stake in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. increased its position in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Citigroup Inc. raised its holdings in Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after buying an additional 23,445 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Marsh & McLennan Companies by 197.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 7,380 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Marsh & McLennan Companies by 4.3% during the third quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after buying an additional 3,553 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In other news, CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,828 shares of company stock worth $13,350,279. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MMC shares. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Evercore ISI restated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $232.05 on Friday. The stock has a market cap of $113.97 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a fifty day simple moving average of $227.10 and a 200-day simple moving average of $223.82. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Marsh & McLennan Companies Company Profile

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.