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

Commerzbank Aktiengesellschaft FI raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,677 shares of the financial services provider's stock after acquiring an additional 4,525 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Marsh & McLennan Companies were worth $3,755,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MMC. Chicago Partners Investment Group LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth $258,000. Carmichael Hill & Associates Inc. lifted its stake in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Marsh & McLennan Companies by 9.1% in the third quarter. Van ECK Associates Corp now owns 107,814 shares of the financial services provider's stock valued at $24,095,000 after purchasing an additional 8,976 shares during the last quarter. Angeles Wealth Management LLC grew its stake in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Angeles Wealth Management LLC now owns 1,586 shares of the financial services provider's stock valued at $354,000 after purchasing an additional 65 shares in the last quarter. Finally, BSW Wealth Partners increased its stake in shares of Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock worth $242,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MMC. Evercore ISI reaffirmed an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. 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 research report on Monday, February 3rd. Finally, Barclays boosted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Price Performance

Shares of MMC traded down $0.89 on Thursday, hitting $236.91. The company's stock had a trading volume of 368,580 shares, compared to its average volume of 1,618,970. The company has a 50 day moving average price of $221.95 and a 200 day moving average price of $223.18. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The company has a market capitalization of $116.35 billion, a PE ratio of 28.92, a PEG ratio of 2.70 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio is 39.80%.

Marsh & McLennan Companies 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.