Raiffeisen Bank International AG Has $73.62 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Raiffeisen Bank International AG reduced its stake in Marsh & McLennan Companies by 5.3%, owning 303,725 shares valued at approximately $73.6 million after selling 17,166 shares in the first quarter.
• Other institutional investors significantly increased their holdings in Marsh & McLennan, with Stifel Financial Corp boosting its shares by 551% during the fourth quarter.
• Marsh & McLennan recently declared a quarterly dividend of $0.90, an increase from the previous $0.82, with an annualized yield of 1.8%.

Raiffeisen Bank International AG lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 303,725 shares of the financial services provider's stock after selling 17,166 shares during the period. Marsh & McLennan Companies makes up approximately 1.2% of Raiffeisen Bank International AG's portfolio, making the stock its 18th largest position. Raiffeisen Bank International AG owned about 0.06% of Marsh & McLennan Companies worth $73,620,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in Marsh & McLennan Companies by 1.0% in the fourth 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 acquiring an additional 96,750 shares during the last quarter. Northern Trust Corp increased its stake in 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 valued at $1,260,513,000 after purchasing an additional 726,713 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Marsh & McLennan Companies by 13.2% during the fourth 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 worth $1,108,459,000 after acquiring an additional 609,602 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Marsh & McLennan Companies by 7.2% during the fourth quarter. Nuveen Asset Management LLC now owns 4,581,773 shares of the financial services provider's stock worth $973,214,000 after acquiring an additional 308,759 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Marsh & McLennan Companies by 25.7% during the fourth 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 during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays lowered their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. UBS Group reduced their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, July 21st. Jefferies Financial Group upped their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $239.79.

Marsh & McLennan Companies Stock Up 1.7%

NYSE MMC traded up $3.47 during trading on Wednesday, reaching $203.97. The company's stock had a trading volume of 1,121,271 shares, compared to its average volume of 2,272,631. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $100.28 billion, a PE ratio of 24.44, a PEG ratio of 2.41 and a beta of 0.77. The business has a 50-day moving average price of $215.40 and a 200-day moving average price of $224.12. Marsh & McLennan Companies, Inc. has a 1-year low of $196.27 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the company earned $2.41 earnings per share. Marsh & McLennan Companies's revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced 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 represents a $3.60 dividend on an annualized basis and a yield of 1.8%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. 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.