Commerzbank Aktiengesellschaft FI Boosts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 31.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,264 shares of the financial services provider's stock after buying an additional 5,587 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Marsh & McLennan Companies were worth $5,677,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $37,000. City Holding Co. acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $37,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $39,000. Garde Capital Inc. acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $42,000. Finally, First Pacific Financial boosted its position in Marsh & McLennan Companies by 133.8% during the first quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 107 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

MMC traded up $1.43 during trading on Friday, reaching $212.47. The stock had a trading volume of 3,524,077 shares, compared to its average volume of 2,006,081. The stock has a market cap of $104.69 billion, a PE ratio of 26.04, a PEG ratio of 2.58 and a beta of 0.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The business has a 50-day moving average of $221.45 and a 200-day moving average of $224.64.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be issued a dividend of $0.90 per share. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.

Analyst Ratings Changes

Several analysts have issued reports on MMC shares. Barclays dropped their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. UBS Group upped their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note 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. Wells Fargo & Company dropped their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $240.29.

Marsh & McLennan Companies Company 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.