Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Decreased by State of Michigan Retirement System

State of Michigan Retirement System trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,675 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. State of Michigan Retirement System’s holdings in Marsh & McLennan Companies were worth $29,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in Marsh & McLennan Companies by 3.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 38,435 shares of the financial services provider’s stock worth $8,164,000 after buying an additional 1,200 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 8.7% in the fourth quarter. Meridian Wealth Management LLC now owns 1,020 shares of the financial services provider’s stock valued at $217,000 after buying an additional 82 shares during the period. Investment Partners LTD. lifted its holdings in shares of Marsh & McLennan Companies by 3.6% in the fourth quarter. Investment Partners LTD. now owns 1,684 shares of the financial services provider’s stock valued at $358,000 after buying an additional 59 shares during the period. LGT Fund Management Co Ltd. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $476,000. Finally, LGT Group Foundation lifted its holdings in shares of Marsh & McLennan Companies by 100.4% during the fourth quarter. LGT Group Foundation now owns 3,366 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 1,686 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $239.53 on Tuesday. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $239.81. The firm has a market cap of $117.64 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.70 and a beta of 0.96. The stock’s fifty day simple moving average is $221.02 and its 200 day simple moving average is $222.97. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping 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%. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.36%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Royal Bank of Canada raised 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. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Evercore ISI reissued an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $230.44.

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.