Marsh & McLennan Companies, Inc. $MMC Shares Bought by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Marsh & McLennan Companies by 1.5% in the second quarter, owning approximately 0.24% worth $258.7 million after acquiring additional shares.
• Multiple analysts have recently adjusted their price targets for Marsh & McLennan Companies, with Wells Fargo lowering its target from $222 to $212 and JPMorgan cutting it from $248 to $242 while maintaining an "overweight" rating.
• The company reported a quarterly earnings per share of $1.85, surpassing expectations, alongside a revenue of $6.35 billion, reflecting an 11.5% year-over-year growth.

DekaBank Deutsche Girozentrale grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,193,291 shares of the financial services provider's stock after acquiring an additional 18,008 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.24% of Marsh & McLennan Companies worth $258,729,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings in Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider's stock worth $306,000 after purchasing an additional 44 shares during the period. IFP Advisors Inc lifted its holdings in Marsh & McLennan Companies by 0.6% in the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock worth $1,825,000 after purchasing an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Marsh & McLennan Companies by 1.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider's stock worth $1,102,000 after purchasing an additional 47 shares during the period. E Fund Management Co. Ltd. lifted its holdings in Marsh & McLennan Companies by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider's stock worth $308,000 after purchasing an additional 47 shares during the period. Finally, McAdam LLC lifted its holdings in Marsh & McLennan Companies by 1.2% in the first quarter. McAdam LLC now owns 3,948 shares of the financial services provider's stock worth $963,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MMC shares. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an "equal weight" rating for the company in a report on Friday. Morgan Stanley cut their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Tuesday, October 7th. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an "underperform" rating to a "market perform" rating and cut their price target for the company from $209.00 to $191.00 in a report on Friday. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and cut their price target for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Finally, Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price target for the company. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $233.67.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $189.98 on Tuesday. The stock's 50-day moving average price is $202.68 and its two-hundred day moving average price is $213.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The company has a market cap of $93.40 billion, a PE ratio of 22.78, a PEG ratio of 2.39 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1 year low of $185.12 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's payout ratio 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.

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