DekaBank Deutsche Girozentrale Sells 18,008 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

DekaBank Deutsche Girozentrale cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,175,283 shares of the financial services provider's stock after selling 18,008 shares during the period. DekaBank Deutsche Girozentrale owned about 0.24% of Marsh & McLennan Companies worth $280,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. City Holding Co. bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $37,000. Ameriflex Group Inc. acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $37,000. Garde Capital Inc. bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $42,000. Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $39,000. Finally, First Pacific Financial lifted its position in shares of Marsh & McLennan Companies by 133.8% during the 1st quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock worth $46,000 after buying an additional 107 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.4%

MMC stock traded up $0.91 during midday trading on Wednesday, reaching $214.08. The stock had a trading volume of 1,852,737 shares, compared to its average volume of 1,973,181. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The firm has a market cap of $105.48 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.61 and a beta of 0.80. The business has a fifty day simple moving average of $223.44 and a two-hundred day simple moving average of $224.76.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the firm posted $2.89 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be paid 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 dividend on an annualized basis and a dividend yield of 1.68%. Marsh & McLennan Companies's payout ratio is 39.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating for the company in a report on Wednesday. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $240.71.

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.