BNC Wealth Management LLC Has $5.56 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

BNC Wealth Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,784 shares of the financial services provider’s stock after selling 1,688 shares during the quarter. Marsh & McLennan Companies accounts for about 2.0% of BNC Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. BNC Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $5,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $37,000. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $37,000. Transce3nd LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $39,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MMC shares. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target on the stock. Barclays upped their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Finally, Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $241.93.

Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 9,569 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This trade represents a 31.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $217.19 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The company has a market cap of $107.02 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.70 and a beta of 0.83. The firm’s fifty day moving average price is $226.42 and its two-hundred day moving average price is $225.40. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period last year, the firm earned $2.89 earnings per share. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

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.