New York State Common Retirement Fund Has $146.47 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

New York State Common Retirement Fund cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 773,068 shares of the financial services provider’s stock after selling 67,138 shares during the period. New York State Common Retirement Fund’s holdings in Marsh & McLennan Companies were worth $146,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its position in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after acquiring an additional 830 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after buying an additional 10,161 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 75 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Marsh & McLennan Companies in the 4th quarter worth about $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $2,825,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MMC shares. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research report on Wednesday, April 17th. Evercore ISI increased their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Price Performance

Shares of MMC traded down $0.42 during midday trading on Tuesday, reaching $201.01. The stock had a trading volume of 452,294 shares, compared to its average volume of 1,719,266. The company’s 50-day moving average is $202.96 and its 200 day moving average is $196.98. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $99.04 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the business earned $2.53 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares of the company’s stock, valued at $2,868,198. The disclosure for this sale can be found here. In the last three months, insiders sold 36,751 shares of company stock worth $7,448,163. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.