BNC Wealth Management LLC Has $5.20 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

BNC Wealth Management LLC lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,472 shares of the financial services provider’s stock after selling 68 shares during the period. Marsh & McLennan Companies comprises 1.7% of BNC Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. BNC Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $5,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Moss Adams Wealth Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 10.1% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,153 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 106 shares during the period. IAM Advisory LLC grew its stake in shares of Marsh & McLennan Companies by 2.2% in the 4th quarter. IAM Advisory LLC now owns 8,242 shares of the financial services provider’s stock valued at $1,751,000 after buying an additional 174 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $301,000. HB Wealth Management LLC boosted its position in Marsh & McLennan Companies by 11.0% during the fourth quarter. HB Wealth Management LLC now owns 14,027 shares of the financial services provider’s stock worth $2,980,000 after purchasing an additional 1,389 shares during the period. Finally, Trust Co. of Vermont boosted its position in Marsh & McLennan Companies by 188.8% during the fourth quarter. Trust Co. of Vermont now owns 1,262 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 825 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MMC. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Barclays increased their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Stock Down 0.5 %

NYSE:MMC opened at $215.23 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The stock’s 50 day moving average price is $218.62 and its two-hundred day moving average price is $221.09. The firm has a market capitalization of $105.71 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.51%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.