Raiffeisen Bank International AG Sells 2,099 Shares of Marsh & McLennan Companies, Inc. $MMC

Raiffeisen Bank International AG lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 301,626 shares of the financial services provider’s stock after selling 2,099 shares during the quarter. Marsh & McLennan Companies makes up 1.0% of Raiffeisen Bank International AG’s holdings, making the stock its 23rd biggest position. Raiffeisen Bank International AG’s holdings in Marsh & McLennan Companies were worth $65,245,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock worth $11,059,792,000 after purchasing an additional 581,930 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares during the period. Geode Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 1.6% during the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after purchasing an additional 196,475 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Marsh & McLennan Companies by 8.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after purchasing an additional 340,907 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Marsh & McLennan Companies in the 1st quarter worth about $1,038,594,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on MMC. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Citigroup began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price for the company. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price target for the company from $200.00 to $195.00 in a report on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.63.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $182.84 on Monday. The firm has a market capitalization of $89.58 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average price is $193.15 and its 200-day moving average price is $207.82. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were paid a dividend of $0.90 per share. The ex-dividend date was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Company 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.