Police & Firemen s Retirement System of New Jersey Purchases 3,390 Shares of Marsh & McLennan Companies, Inc. $MMC

Police & Firemen s Retirement System of New Jersey raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,976 shares of the financial services provider’s stock after buying an additional 3,390 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Marsh & McLennan Companies were worth $16,393,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock worth $11,059,792,000 after purchasing an additional 581,930 shares during the period. Wellington Management Group LLP grew its position in Marsh & McLennan Companies by 54.2% in the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.6% during the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after acquiring an additional 196,475 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Marsh & McLennan Companies by 8.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock valued at $1,060,362,000 after purchasing an additional 340,907 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth about $1,038,594,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price target for the company from $200.00 to $195.00 in a research report on Monday, October 20th. TD Cowen reduced their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and dropped their price target for the company from $209.00 to $191.00 in a report on Friday, October 17th. Morgan Stanley lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Finally, Citigroup began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $228.63.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $182.74 on Thursday. The stock has a market cap of $89.53 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.25 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The business’s 50-day simple moving average is $194.02 and its 200 day simple moving average is $208.48.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.