Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,427 shares of the financial services provider's stock after selling 2,624 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Marsh & McLennan Companies were worth $22,181,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MMC. Geode Capital Management LLC boosted its position in Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after buying an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. increased its stake in shares of Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after acquiring an additional 3,300 shares during the last quarter. Citigroup Inc. boosted its stake in Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock worth $113,384,000 after acquiring an additional 23,445 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock valued at $2,480,000 after purchasing an additional 7,380 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in Marsh & McLennan Companies by 4.3% in the third quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider's stock valued at $19,461,000 after purchasing an additional 3,553 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

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Marsh & McLennan Companies Stock Up 0.9 %

NYSE MMC traded up $2.16 on Tuesday, reaching $236.78. The company had a trading volume of 1,444,379 shares, compared to its average volume of 1,638,149. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84. The stock has a market capitalization of $116.29 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.70 and a beta of 0.95. The company's fifty day moving average is $227.57 and its 200 day moving average is $223.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

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 (EPS) 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%. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.80%.

Insider Activity

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacy Mills sold 1,317 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,828 shares of company stock worth $13,350,279. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MMC has been the subject of a number of recent analyst reports. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday. They issued a "buy" rating and a $281.00 price objective for the company. Evercore ISI reaffirmed an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $233.41.

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.