Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Raised by DekaBank Deutsche Girozentrale

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DekaBank Deutsche Girozentrale raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 943,563 shares of the financial services provider’s stock after purchasing an additional 43,256 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Marsh & McLennan Companies were worth $93,863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cibc Bank USA boosted its holdings in shares of Marsh & McLennan Companies by 3.8% in the 2nd quarter. Cibc Bank USA now owns 3,131 shares of the financial services provider’s stock valued at $312,000 after buying an additional 114 shares during the period. Cornerstone Advisors Inc. boosted its stake in Marsh & McLennan Companies by 6.4% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,920 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 116 shares during the period. Buckley Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 3.2% in the 2nd quarter. Buckley Wealth Management LLC now owns 3,729 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 116 shares during the period. Signaturefd LLC lifted its stake in shares of Marsh & McLennan Companies by 3.6% in the 2nd quarter. Signaturefd LLC now owns 3,356 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 116 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 3.0% in the 1st quarter. Global Retirement Partners LLC now owns 4,279 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 123 shares during the period. 85.65% of the stock is owned by institutional investors.

NYSE MMC opened at $99.22 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a 50 day simple moving average of $100.66. Marsh & McLennan Companies, Inc. has a 12 month low of $74.30 and a 12 month high of $103.36. The company has a market cap of $50.27 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.77 and a beta of 0.77.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. Marsh & McLennan Companies had a net margin of 9.45% and a return on equity of 29.72%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be issued a $0.455 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Wednesday, July 10th. Marsh & McLennan Companies’s payout ratio is presently 41.84%.

MMC has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. ValuEngine lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. UBS Group upped their price target on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price target for the company. in a research note on Monday, July 1st. Finally, Keefe, Bruyette & Woods lowered shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $100.00 to $99.00 in a research note on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $97.30.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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

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