State of Tennessee Department of Treasury Sells 43,616 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

State of Tennessee Department of Treasury trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,824 shares of the financial services provider's stock after selling 43,616 shares during the period. State of Tennessee Department of Treasury's holdings in Marsh & McLennan Companies were worth $30,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $36,000. Albion Financial Group UT acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $38,000. Transce3nd LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $39,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MMC. UBS Group lifted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Barclays boosted their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Finally, Raymond James reissued an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Price Performance

MMC stock traded up $0.41 during trading on Friday, hitting $219.37. The company had a trading volume of 3,174,623 shares, compared to its average volume of 1,871,611. The business has a 50 day moving average of $232.00 and a 200 day moving average of $224.66. 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 firm has a market capitalization of $108.13 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.72 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the previous year, the business earned $2.89 EPS. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock worth $16,244,986 in the last quarter. 0.35% of the stock is owned by company insiders.

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.