DekaBank Deutsche Girozentrale Has $280.07 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

DekaBank Deutsche Girozentrale cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,175,283 shares of the financial services provider's stock after selling 18,008 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.24% of Marsh & McLennan Companies worth $280,074,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock valued at $9,503,120,000 after purchasing an additional 356,618 shares during the period. Geode Capital Management LLC increased its position in Marsh & McLennan Companies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock worth $2,554,841,000 after acquiring an additional 145,134 shares during the period. Price T Rowe Associates Inc. MD increased its position in Marsh & McLennan Companies by 1.0% during the fourth 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 increased its position in Marsh & McLennan Companies by 14.0% during 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 acquiring an additional 726,713 shares during the period. Finally, Norges Bank bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $1,236,186,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MMC traded up $0.05 during mid-day trading on Wednesday, reaching $213.22. The company had a trading volume of 451,048 shares, compared to its average volume of 1,966,724. The company's 50 day simple moving average is $223.44 and its 200 day simple moving average is $224.76. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $105.06 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.61 and a beta of 0.80.

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, beating 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 company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period last year, the company posted $2.89 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group raised their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. 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. Finally, Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $240.79.

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.