Marsh & McLennan Companies, Inc. $MMC Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,459 shares of the financial services provider’s stock after purchasing an additional 1,195 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Marsh & McLennan Companies were worth $5,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMC. Brighton Jones LLC boosted its holdings in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares during the period. Bison Wealth LLC boosted its holdings in shares of Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Marsh & McLennan Companies by 32.0% in the first quarter. GAMMA Investing LLC now owns 6,211 shares of the financial services provider’s stock worth $1,516,000 after buying an additional 1,507 shares during the period. Trueblood Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 24.4% in the first quarter. Trueblood Wealth Management LLC now owns 1,311 shares of the financial services provider’s stock worth $320,000 after buying an additional 257 shares during the period. Finally, Integrated Advisors Network LLC boosted its holdings in shares of Marsh & McLennan Companies by 10.4% in the first quarter. Integrated Advisors Network LLC now owns 5,349 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 505 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target for the company. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $248.00 to $242.00 in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $237.13.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $205.97 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $101.26 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81. The company has a 50 day moving average price of $203.11 and a two-hundred day moving average price of $215.93. Marsh & McLennan Companies, Inc. has a 12-month low of $195.01 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.7%. Marsh & McLennan Companies’s payout ratio is 43.17%.

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.