Kentucky Retirement Systems Insurance Trust Fund Has $4.13 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 33.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,434 shares of the financial services provider's stock after buying an additional 4,874 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Marsh & McLennan Companies were worth $4,128,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MMC. Atria Wealth Solutions Inc. raised its stake in shares of Marsh & McLennan Companies by 5.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 9,008 shares of the financial services provider's stock valued at $1,913,000 after purchasing an additional 425 shares during the period. Citizens & Northern Corp raised its stake in shares of Marsh & McLennan Companies by 5.1% during the fourth quarter. Citizens & Northern Corp now owns 8,282 shares of the financial services provider's stock valued at $1,759,000 after purchasing an additional 404 shares during the period. Empower Advisory Group LLC increased its stake in shares of Marsh & McLennan Companies by 4.6% in the fourth quarter. Empower Advisory Group LLC now owns 3,487 shares of the financial services provider's stock worth $741,000 after buying an additional 152 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Marsh & McLennan Companies by 3.5% in the fourth quarter. CIBC Asset Management Inc now owns 100,293 shares of the financial services provider's stock worth $21,292,000 after buying an additional 3,426 shares during the last quarter. Finally, Highview Capital Management LLC DE increased its stake in shares of Marsh & McLennan Companies by 2.6% in the fourth quarter. Highview Capital Management LLC DE now owns 6,204 shares of the financial services provider's stock worth $1,318,000 after buying an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $0.52 during midday trading on Friday, reaching $230.05. 2,193,747 shares of the company traded hands, compared to its average volume of 2,152,310. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $235.50. The stock has a 50-day moving average price of $218.22 and a 200 day moving average price of $222.25. 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 company has a market cap of $112.98 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.63 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Analyst Ratings Changes

A number of analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods dropped their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Barclays lifted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $230.44.

Marsh & McLennan Companies 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.