Commerzbank Aktiengesellschaft FI Takes Position in Marsh & McLennan Companies, Inc. (MMC)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,011 shares of the company’s stock, valued at approximately $4,259,000.

Several other large investors have also made changes to their positions in MMC. Seven Bridges Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 21.0% in the third quarter. Seven Bridges Advisors LLC now owns 1,524 shares of the company’s stock worth $102,000 after buying an additional 264 shares in the last quarter. Coconut Grove Bank increased its stake in shares of Marsh & McLennan Companies by 15.7% in the third quarter. Coconut Grove Bank now owns 1,628 shares of the company’s stock worth $109,000 after buying an additional 221 shares in the last quarter. Washington Trust Bank increased its stake in shares of Marsh & McLennan Companies by 0.6% in the third quarter. Washington Trust Bank now owns 1,695 shares of the company’s stock worth $114,000 after buying an additional 10 shares in the last quarter. TLP Group LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $126,000. Finally, SRB Corp increased its stake in shares of Marsh & McLennan Companies by 6.8% in the third quarter. SRB Corp now owns 2,340 shares of the company’s stock worth $157,000 after buying an additional 149 shares in the last quarter. 84.91% of the stock is owned by institutional investors and hedge funds.

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

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.71% during midday trading on Friday, hitting $71.08. The stock had a trading volume of 2,866,507 shares. The firm has a market cap of $36.54 billion, a price-to-earnings ratio of 21.03 and a beta of 0.89. Marsh & McLennan Companies, Inc. has a 1-year low of $56.26 and a 1-year high of $71.29. The firm has a 50-day moving average price of $68.48 and a 200-day moving average price of $67.34.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, February 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.05. The company earned $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. Marsh & McLennan Companies had a return on equity of 26.99% and a net margin of 13.38%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, January 25th will be issued a $0.34 dividend. The ex-dividend date is Monday, January 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.91%. Marsh & McLennan Companies’s payout ratio is currently 40.24%.

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MMC has been the subject of a number of research reports. Credit Suisse Group reissued a “hold” rating and set a $73.00 price target on shares of Marsh & McLennan Companies in a research report on Sunday, February 5th. Vetr raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $71.72 price target for the company in a research report on Monday, December 5th. BMO Capital Markets raised Marsh & McLennan Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $75.00 to $76.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. RBC Capital Markets reissued a “buy” rating and set a $76.00 price target on shares of Marsh & McLennan Companies in a research report on Thursday, February 2nd. Finally, Sandler O’Neill raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.19.

In other news, Chairman Peter Zaffino sold 117,577 shares of the stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $70.24, for a total value of $8,258,608.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert J. Rapport sold 10,000 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $69.00, for a total value of $690,000.00. The disclosure for this sale can be found here. Insiders sold 136,427 shares of company stock valued at $9,550,408 in the last 90 days. Corporate insiders own 1.51% 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 specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

5 Day Chart for NYSE:MMC

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