Keybank National Association OH Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Keybank National Association OH lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,976 shares of the financial services provider’s stock after selling 130 shares during the period. Keybank National Association OH’s holdings in Marsh & McLennan Companies were worth $4,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MMC. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $38,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.5 %

MMC opened at $237.95 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $116.86 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The business has a 50-day moving average of $221.95 and a two-hundred day moving average of $223.18. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Raymond James reissued an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Barclays boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $230.44.

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.