New York State Teachers Retirement System Has $75.87 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

New York State Teachers Retirement System decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,187 shares of the financial services provider’s stock after selling 18,551 shares during the period. New York State Teachers Retirement System owned 0.07% of Marsh & McLennan Companies worth $75,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Assenagon Asset Management S.A. boosted its holdings in Marsh & McLennan Companies by 7,320.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after acquiring an additional 1,093,817 shares in the last quarter. FMR LLC boosted its holdings in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after acquiring an additional 504,897 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after acquiring an additional 426,425 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after acquiring an additional 363,569 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $231.06 on Friday. The stock has a market cap of $113.48 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.99 and a fifty-two week high of $235.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The stock has a fifty day moving average of $216.66 and a 200-day moving average of $221.83.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

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.