Zurcher Kantonalbank Zurich Cantonalbank Reduces Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 352,656 shares of the financial services provider’s stock after selling 133,885 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Marsh & McLennan Companies worth $74,908,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $38,000. Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth about $41,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $235.40 on Monday. The company has a fifty day simple moving average of $222.83 and a 200 day simple moving average of $223.35. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $115.61 billion, a P/E ratio of 28.74, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 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%. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MMC shares. Raymond James reissued an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Keefe, Bruyette & Woods decreased 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 report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently 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.