Deutsche Bank AG Has $787.70 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Deutsche Bank AG has decreased its stake in Marsh & McLennan Companies by 13.2% in the first quarter, now owning approximately $787.7 million worth of shares.
• Marsh & McLennan Companies reported an increase in its quarterly dividend to $0.90 per share, up from $0.82, representing a 1.8% yield.
• Analysts have varied views on the stock, with price targets ranging from $210 to $268 and a consensus rating of "Hold."

Deutsche Bank AG cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 13.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,227,890 shares of the financial services provider's stock after selling 491,940 shares during the period. Deutsche Bank AG owned about 0.66% of Marsh & McLennan Companies worth $787,702,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Marsh & McLennan Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock valued at $11,059,792,000 after buying an additional 581,930 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $2,156,179,000 after purchasing an additional 96,750 shares in the last quarter. Northern Trust Corp lifted its position in shares of Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock worth $1,260,513,000 after buying an additional 726,713 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Marsh & McLennan Companies by 13.2% in 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 valued at $1,108,459,000 after acquiring an additional 609,602 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Marsh & McLennan Companies by 7.2% in the fourth quarter. Nuveen Asset Management LLC now owns 4,581,773 shares of the financial services provider's stock valued at $973,214,000 after purchasing an additional 308,759 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Keefe, Bruyette & Woods decreased their target price 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. UBS Group dropped their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Barclays reduced their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Finally, Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $239.79.

Marsh & McLennan Companies Price Performance

NYSE MMC traded up $0.39 during trading on Friday, reaching $203.70. 2,219,215 shares of the company traded hands, compared to its average volume of 2,901,012. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $100.14 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.46 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a 1-year low of $196.27 and a 1-year high of $248.00. The stock's 50 day moving average price is $213.73 and its two-hundred day moving average price is $223.79.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be issued a $0.90 dividend. 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 1.8%. The ex-dividend date of this dividend is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 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.