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 reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 357,187 shares of the financial services provider's stock after selling 18,551 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Marsh & McLennan Companies worth $75,870,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fortitude Family Office LLC grew its position in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 45 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after buying an additional 47 shares during the period. Hemington Wealth Management lifted its stake in Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after purchasing an additional 48 shares during the period. TFB Advisors LLC lifted its stake in Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock worth $547,000 after purchasing an additional 51 shares during the period. Finally, BSW Wealth Partners lifted its stake in Marsh & McLennan Companies by 5.1% during the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock worth $242,000 after purchasing an additional 53 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $1.21 during midday trading on Tuesday, reaching $230.04. The company had a trading volume of 1,394,261 shares, compared to its average volume of 2,166,305. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $112.97 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The stock has a fifty day simple moving average of $217.00 and a 200 day simple moving average of $221.99. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm 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 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

Analysts Set New Price Targets

A number of brokerages have commented on MMC. UBS Group raised their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Evercore ISI restated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Raymond James restated an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price 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 research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and an average price target of $230.44.

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.