Marsh & McLennan Companies, Inc. (NYSE:MMC) is Bancreek Capital Management LP’s 7th Largest Position

Bancreek Capital Management LP reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 31.0% during the 4th quarter, HoldingsChannel.com reports. 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 makes up about 5.7% of Bancreek Capital Management LP’s holdings, making the stock its 7th largest holding. Bancreek Capital Management LP’s holdings in Marsh & McLennan Companies were worth $5,824,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $36,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $38,000. Golden State Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $232.05 on Friday. The firm has a market cap of $113.97 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average is $227.10 and its two-hundred day moving average is $223.82.

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

Marsh & McLennan Companies Announces Dividend

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

Insiders Place Their Bets

In related news, 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 value of $11,367,602.40. Following the transaction, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,828 shares of company stock valued at $13,350,279. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Raymond James restated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada upgraded 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 research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $230.44.

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.