Credit Agricole S A Has $138.95 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

Key Points

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Credit Agricole S A decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 569,410 shares of the financial services provider's stock after selling 103,636 shares during the quarter. Credit Agricole S A owned about 0.12% of Marsh & McLennan Companies worth $138,953,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Marsh & McLennan Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after acquiring an additional 581,930 shares during the period. Wellington Management Group LLP boosted its stake in shares of Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock worth $3,127,193,000 after acquiring an additional 4,505,548 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Marsh & McLennan Companies by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock worth $2,156,179,000 after acquiring an additional 96,750 shares during the period. Northern Trust Corp boosted its stake in shares of Marsh & McLennan Companies by 14.0% during the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock worth $1,260,513,000 after acquiring an additional 726,713 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Marsh & McLennan Companies by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,218,488 shares of the financial services provider's stock worth $1,108,459,000 after acquiring an additional 609,602 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded down $0.7270 during trading on Friday, reaching $210.3830. 1,467,076 shares of the company traded hands, compared to its average volume of 2,517,538. The company's 50 day moving average is $210.28 and its two-hundred day moving average is $223.00. The firm has a market capitalization of $103.43 billion, a PE ratio of 25.23, a PEG ratio of 2.63 and a beta of 0.77. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $196.27 and a 52 week high of $248.00.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were issued a dividend of $0.90 per share. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. Marsh & McLennan Companies's payout ratio is presently 43.17%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an "overweight" rating and a $256.00 target price for the company. Barclays reduced their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, July 21st. Morgan Stanley reduced their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Finally, Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $238.76.

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.