Commerzbank Aktiengesellschaft FI Lowers Position in Marsh & McLennan Companies, Inc. $MMC

Commerzbank Aktiengesellschaft FI reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 76.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,659 shares of the financial services provider’s stock after selling 18,800 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Marsh & McLennan Companies were worth $1,140,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MMC. Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the 2nd quarter valued at approximately $29,000. Westside Investment Management Inc. raised its position in Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 109 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the second quarter worth $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $32,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

Shares of NYSE:MMC opened at $182.39 on Monday. The company has a market cap of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company’s 50 day moving average is $183.69 and its two-hundred day moving average is $193.90. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MMC. Morgan Stanley lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Evercore ISI reduced their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their price target for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $218.82.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.