BNC Wealth Management LLC Sells 1,688 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

BNC Wealth Management LLC lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,784 shares of the financial services provider's stock after selling 1,688 shares during the period. Marsh & McLennan Companies comprises about 2.0% of BNC Wealth Management LLC's portfolio, making the stock its 12th biggest holding. BNC Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $5,560,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in Marsh & McLennan Companies in the 4th quarter worth about $1,236,186,000. Stifel Financial Corp increased its holdings in Marsh & McLennan Companies by 551.0% in the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after purchasing an additional 1,883,146 shares in the last quarter. Amundi increased its holdings in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after purchasing an additional 1,823,807 shares in the last quarter. GAMMA Investing LLC increased its holdings in Marsh & McLennan Companies by 32,120.9% in the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock worth $369,869,000 after purchasing an additional 1,510,966 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Marsh & McLennan Companies in the 4th quarter worth about $207,278,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was 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 approximately $5,129,075. The trade was a 31.37% 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 Trading Down 1.0%

Shares of Marsh & McLennan Companies stock traded down $2.21 on Friday, hitting $217.19. 1,574,516 shares of the company's stock traded hands, compared to its average volume of 1,938,559. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. 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 company has a fifty day moving average of $226.42 and a two-hundred day moving average of $225.34. The company has a market capitalization of $107.02 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results 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 return on equity of 32.60% and a net margin of 16.60%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the prior year, the company earned $2.89 EPS. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of recent research reports. UBS Group upped their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Barclays increased their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies 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.