Bancreek Capital Management LP Has $4.04 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bancreek Capital Management LP lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 39.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,538 shares of the financial services provider's stock after selling 10,882 shares during the period. Marsh & McLennan Companies comprises 6.0% of Bancreek Capital Management LP's portfolio, making the stock its 13th biggest holding. Bancreek Capital Management LP's holdings in Marsh & McLennan Companies were worth $4,036,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Modera Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after purchasing an additional 46 shares during the period. Defined Wealth Management LLC increased its holdings in shares of Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock valued at $780,000 after purchasing an additional 47 shares in the last quarter. DF Dent & Co. Inc. increased its holdings in shares of Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after purchasing an additional 49 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in Marsh & McLennan Companies by 4.1% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider's stock worth $268,000 after acquiring an additional 50 shares during the period. Finally, Citizens & Northern Corp grew its holdings in Marsh & McLennan Companies by 0.6% during the 1st quarter. Citizens & Northern Corp now owns 8,333 shares of the financial services provider's stock worth $2,034,000 after acquiring an additional 51 shares during the period. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $2.00 on Thursday, reaching $214.72. 885,447 shares of the stock were exchanged, compared to its average volume of 1,955,612. The firm has a market cap of $105.80 billion, a PE ratio of 26.30, a P/E/G ratio of 2.67 and a beta of 0.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The firm's 50 day moving average is $224.04 and its 200-day moving average is $224.63. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MMC. UBS Group lifted their price target 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. Jefferies Financial Group boosted 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. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $241.93.

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.