Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Reduced by KBC Group NV

KBC Group NV cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 52.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,838 shares of the financial services provider's stock after selling 114,109 shares during the period. KBC Group NV's holdings in Marsh & McLennan Companies were worth $21,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. increased its position in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter worth $31,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $38,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth $41,000. Finally, Bangor Savings Bank acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $46,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MMC. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an "underperform" rating in a research report on Friday, January 10th. Roth Mkm raised their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Finally, UBS Group upped their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus target price of $229.40.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $3.94 during trading on Friday, reaching $216.90. The stock had a trading volume of 2,345,986 shares, compared to its average volume of 1,830,223. The firm's 50 day moving average price is $217.65 and its two-hundred day moving average price is $221.38. Marsh & McLennan Companies, Inc. has a one year low of $190.41 and a one year high of $235.50. The stock has a market cap of $106.52 billion, a PE ratio of 26.71, a P/E/G ratio of 2.30 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.67 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies's payout ratio is 40.15%.

About Marsh & McLennan Companies

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.