Marsh & McLennan Companies, Inc. (MMC) Position Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 643,775 shares of the financial services provider’s stock after purchasing an additional 6,028 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.13% of Marsh & McLennan Companies worth $50,481,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CWM LLC increased its position in shares of Marsh & McLennan Companies by 0.7% during the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 13 shares during the last quarter. IFP Advisors Inc increased its position in shares of Marsh & McLennan Companies by 0.3% during the 2nd quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 18 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Marsh & McLennan Companies by 0.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 5,038 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 19 shares during the last quarter. Lourd Capital LLC increased its position in shares of Marsh & McLennan Companies by 1.2% during the 2nd quarter. Lourd Capital LLC now owns 2,840 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 35 shares during the last quarter. Finally, Glenview Trust Co increased its position in shares of Marsh & McLennan Companies by 1.4% during the 2nd quarter. Glenview Trust Co now owns 3,582 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 50 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) traded down $0.15 during trading on Tuesday, hitting $83.00. The stock had a trading volume of 1,857,700 shares, compared to its average volume of 1,790,793. Marsh & McLennan Companies, Inc. has a 1-year low of $66.75 and a 1-year high of $84.90. The firm has a market capitalization of $42,436.17, a P/E ratio of 22.11, a PEG ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.37 and a current ratio of 1.37.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. analysts forecast that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.10%.

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A number of brokerages recently issued reports on MMC. Royal Bank Of Canada reissued a “buy” rating and set a $85.00 price objective on shares of Marsh & McLennan Companies in a research report on Tuesday, October 3rd. Wells Fargo & Company set a $91.00 price objective on Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank AG downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 4th. Barclays PLC lifted their target price on Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Finally, Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 target price for the company in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.39.

In other news, SVP E Scott Gilbert sold 30,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc D. Oken acquired 1,235 shares of the stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $80.89 per share, with a total value of $99,899.15. Following the completion of the transaction, the director now owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The disclosure for this purchase can be found here. Insiders own 1.46% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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