Teacher Retirement System of Texas Grows Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Teacher Retirement System of Texas boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 350,342 shares of the financial services provider’s stock after acquiring an additional 1,162 shares during the period. Teacher Retirement System of Texas owned 0.07% of Marsh & McLennan Companies worth $59,705,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Banco Santander S.A. raised its position in Marsh & McLennan Companies by 11.2% in the first quarter. Banco Santander S.A. now owns 13,428 shares of the financial services provider’s stock worth $2,288,000 after acquiring an additional 1,349 shares during the period. Wealthsource Partners LLC raised its position in Marsh & McLennan Companies by 6.1% in the first quarter. Wealthsource Partners LLC now owns 2,114 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 121 shares during the period. Lindenwold Advisors raised its position in Marsh & McLennan Companies by 2.8% in the first quarter. Lindenwold Advisors now owns 16,869 shares of the financial services provider’s stock worth $2,875,000 after acquiring an additional 456 shares during the period. Lincoln National Corp raised its position in Marsh & McLennan Companies by 1.1% in the first quarter. Lincoln National Corp now owns 12,512 shares of the financial services provider’s stock worth $2,132,000 after acquiring an additional 133 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in shares of Marsh & McLennan Companies by 6.4% in the first quarter. Checchi Capital Advisers LLC now owns 5,358 shares of the financial services provider’s stock valued at $913,000 after purchasing an additional 324 shares during the period. Institutional investors own 88.61% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of several research reports. Raymond James boosted their price target on shares of Marsh & McLennan Companies from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Jefferies Financial Group lowered their price target on shares of Marsh & McLennan Companies from $198.00 to $181.00 and set a “buy” rating on the stock in a research report on Tuesday, July 12th. The Goldman Sachs Group started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, July 12th. They issued a “buy” rating and a $182.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $170.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, April 22nd. Finally, StockNews.com cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $177.00.

Marsh & McLennan Companies Price Performance

MMC stock opened at $165.60 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 1.16. Marsh & McLennan Companies, Inc. has a one year low of $142.80 and a one year high of $183.14. The stock has a market cap of $83.12 billion, a PE ratio of 24.98, a P/E/G ratio of 2.96 and a beta of 0.90. The firm has a 50 day simple moving average of $155.39 and a two-hundred day simple moving average of $158.16.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.03. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the company earned $1.75 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 6.8 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Thursday, July 28th will be paid a $0.59 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is 35.60%.

About Marsh & McLennan Companies

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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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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