Gulf International Bank UK Ltd Sells 10,713 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Marsh & McLennan Companies, Inc. by 27.7%, selling 10,713 shares and now owning 28,016 shares valued at approximately $6.84 million.
• Several institutional investors, including Nuveen LLC and Stifel Financial Corp, have significantly increased their investments in Marsh & McLennan Companies, showing heightened interest in the stock.
• Marsh & McLennan recently declared a quarterly dividend of $0.90 per share, up from $0.82, reflecting a commitment to return capital to shareholders with a current dividend yield of 1.8%.

Gulf International Bank UK Ltd lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,016 shares of the financial services provider's stock after selling 10,713 shares during the quarter. Gulf International Bank UK Ltd's holdings in Marsh & McLennan Companies were worth $6,836,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MMC. Nuveen LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $1,038,594,000. Stifel Financial Corp raised its stake in shares of Marsh & McLennan Companies by 551.0% during the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after acquiring an additional 1,883,146 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Marsh & McLennan Companies by 32,120.9% during the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock worth $369,869,000 after acquiring an additional 1,510,966 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Marsh & McLennan Companies by 153.6% during the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider's stock worth $578,517,000 after acquiring an additional 1,436,044 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Marsh & McLennan Companies by 25.7% during the 4th quarter. Deutsche Bank AG now owns 3,719,830 shares of the financial services provider's stock worth $790,129,000 after acquiring an additional 759,573 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their price target 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 cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st. UBS Group cut their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Finally, Barclays cut their price target on shares of 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $239.79.

Marsh & McLennan Companies Stock Up 0.6%

MMC stock opened at $204.61 on Wednesday. The firm's fifty day simple moving average is $212.49 and its 200-day simple moving average is $223.64. The company has a market capitalization of $100.59 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 2.53 and a beta of 0.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. Marsh & McLennan Companies, Inc. has a 12 month low of $196.27 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The firm 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.41 earnings per share. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be given a dividend of $0.90 per share. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 43.17%.

Marsh & McLennan Companies 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.

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