New Mexico Educational Retirement Board Sells 700 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

New Mexico Educational Retirement Board lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 23,441 shares of the financial services provider’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Marsh & McLennan Companies were worth $4,979,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MMC. Assenagon Asset Management S.A. increased its holdings in shares of Marsh & McLennan Companies by 7,320.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after purchasing an additional 1,093,817 shares during the period. FMR LLC increased its holdings in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after purchasing an additional 504,897 shares during the period. International Assets Investment Management LLC grew its position in Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after acquiring an additional 426,425 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after acquiring an additional 363,569 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of several research reports. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Raymond James reiterated 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. Roth Mkm upped their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $228.95 on Friday. The company has a market cap of $112.44 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The company has a 50-day moving average price of $216.71 and a 200-day moving average price of $221.90. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate 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 analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

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.