Running Oak Capital LLC Raises Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Running Oak Capital LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,639 shares of the financial services provider’s stock after purchasing an additional 4,633 shares during the quarter. Marsh & McLennan Companies makes up approximately 2.0% of Running Oak Capital LLC’s portfolio, making the stock its 9th largest holding. Running Oak Capital LLC’s holdings in Marsh & McLennan Companies were worth $16,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $1,236,186,000. Stifel Financial Corp grew its stake in shares of Marsh & McLennan Companies by 551.0% during the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock worth $472,599,000 after acquiring an additional 1,883,146 shares in the last quarter. Amundi grew its stake in shares of Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after acquiring an additional 1,823,807 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Marsh & McLennan Companies by 32,120.9% in the first quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock valued at $369,869,000 after buying an additional 1,510,966 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Marsh & McLennan Companies during the fourth quarter worth $207,278,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In related news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction dated 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 sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now directly 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. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

MMC has been the subject of a number of recent research reports. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Jefferies Financial Group upped their price objective 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. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Finally, Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $216.41 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The stock’s fifty day simple moving average is $225.13 and its two-hundred day simple moving average is $224.77. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00. The stock has a market cap of $106.63 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same period last year, the firm posted $2.89 EPS. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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.