Commerzbank Aktiengesellschaft FI Purchases 4,525 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 34.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,677 shares of the financial services provider’s stock after buying an additional 4,525 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Marsh & McLennan Companies were worth $3,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. grew its position in shares of Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 3,300 shares in the last quarter. Citigroup Inc. raised its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after purchasing an additional 23,445 shares during the period. Kinsale Capital Group Inc. lifted its holdings in Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in Marsh & McLennan Companies by 197.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 7,380 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MMC shares. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Evercore ISI reissued an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of NYSE MMC opened at $239.53 on Tuesday. The firm’s fifty day moving average is $221.02 and its 200 day moving average is $222.97. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $239.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $117.64 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.36%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

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.