Deutsche Bank AG cut shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) from a buy rating to a hold rating in a report released on Wednesday morning, Marketbeat reports. They currently have $83.00 target price on the financial services provider’s stock.

A number of other research firms also recently commented on MMC. BidaskClub downgraded Marsh & McLennan Companies from a buy rating to a hold rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a buy rating and set a $83.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, June 9th. Barclays PLC increased their target price on Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an overweight rating in a research report on Monday, July 3rd. Wells Fargo & Company reiterated a buy rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Finally, Citigroup Inc. increased their target price on Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a buy rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $82.64.

Shares of Marsh & McLennan Companies (NYSE:MMC) traded down 0.15% during midday trading on Wednesday, hitting $83.20. 1,068,231 shares of the stock were exchanged. The firm has a market cap of $42.64 billion, a PE ratio of 22.99 and a beta of 1.01. Marsh & McLennan Companies has a 52-week low of $62.33 and a 52-week high of $84.52. The firm’s 50-day moving average is $80.71 and its 200 day moving average is $77.43.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, analysts forecast that Marsh & McLennan Companies will post $3.81 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be given a $0.375 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.50 dividend on an annualized basis and a yield of 1.80%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

In related news, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the sale, the senior vice president now directly owns 68,427 shares in the company, valued at $5,290,091.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.46% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MMC. BlackRock Inc. lifted its position in shares of Marsh & McLennan Companies by 3,253.2% during the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock worth $2,767,683,000 after purchasing an additional 36,339,736 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Marsh & McLennan Companies by 4,831.1% during the second quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock worth $272,958,000 after purchasing an additional 3,430,257 shares during the last quarter. USS Investment Management Ltd lifted its position in shares of Marsh & McLennan Companies by 401.0% during the second quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock worth $155,251,000 after purchasing an additional 1,594,047 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Marsh & McLennan Companies by 30.5% during the second quarter. UBS Asset Management Americas Inc. now owns 6,468,245 shares of the financial services provider’s stock worth $504,264,000 after purchasing an additional 1,510,060 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 3.4% during the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock worth $2,516,739,000 after purchasing an additional 1,105,074 shares during the last quarter. Institutional investors own 84.82% 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 risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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