California State Teachers Retirement System Acquires 9,043 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

California State Teachers Retirement System increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 858,104 shares of the financial services provider’s stock after acquiring an additional 9,043 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Marsh & McLennan Companies worth $182,270,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Morse Asset Management Inc purchased a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $75,000. Virtu Financial LLC raised its stake in shares of Marsh & McLennan Companies by 1.3% in the third quarter. Virtu Financial LLC now owns 12,756 shares of the financial services provider’s stock valued at $2,846,000 after acquiring an additional 167 shares during the period. Te Ahumairangi Investment Management Ltd boosted its stake in shares of Marsh & McLennan Companies by 3.6% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 10,499 shares of the financial services provider’s stock worth $2,329,000 after purchasing an additional 360 shares during the period. Anchor Investment Management LLC grew its holdings in Marsh & McLennan Companies by 487.5% during the 3rd quarter. Anchor Investment Management LLC now owns 517 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 429 shares during the last quarter. Finally, World Investment Advisors LLC raised its position in Marsh & McLennan Companies by 29.9% in the 3rd quarter. World Investment Advisors LLC now owns 17,223 shares of the financial services provider’s stock worth $3,842,000 after purchasing an additional 3,962 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of NYSE:MMC opened at $219.37 on Monday. 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 company has a market capitalization of $108.09 billion, a PE ratio of 26.79, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12-month low of $196.72 and a 12-month high of $248.00. The business’s fifty day simple moving average is $231.78 and its 200-day simple moving average is $224.62.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7.08 billion. During the same quarter in the previous year, the firm earned $2.89 earnings per share. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.95%.

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Barclays increased their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. UBS Group lifted their price objective 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. Finally, 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 note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $241.93.

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.