Commerzbank Aktiengesellschaft FI Takes $239,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Commerzbank Aktiengesellschaft FI acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,258 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Valley National Advisers Inc. raised its holdings in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the period. Altshuler Shaham Ltd acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth about $27,000. OFI Invest Asset Management purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $28,000. Headinvest LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $28,000. Finally, Cordant Inc. purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.5 %

Shares of NYSE MMC opened at $201.43 on Tuesday. The stock has a market cap of $99.25 billion, a P/E ratio of 25.56, a PEG ratio of 3.39 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The business’s fifty day simple moving average is $202.96 and its 200-day simple moving average is $196.98.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $2.53 earnings per share. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $207.69.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the transaction, the senior vice president now owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.