Teachers Retirement System of The State of Kentucky Sells 8,675 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,693 shares of the financial services provider's stock after selling 8,675 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Marsh & McLennan Companies were worth $27,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MMC. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $38,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of NYSE:MMC traded up $0.41 during midday trading on Friday, reaching $219.37. The company had a trading volume of 3,174,621 shares, compared to its average volume of 2,260,511. The company has a fifty day simple moving average of $232.00 and a two-hundred day simple moving average of $224.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $108.13 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 1-year low of $196.72 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period last year, the firm posted $2.89 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. Marsh & McLennan Companies's dividend payout ratio is 39.95%.

Wall Street Analysts Forecast Growth

MMC has been the topic of several analyst reports. Raymond James restated an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Barclays increased their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and an average price target of $241.93.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This trade represents a 14.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,634 shares of company stock valued at $16,244,986. Company insiders own 0.35% of the company's stock.

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.