Teacher Retirement System of Texas Increases Stake in Marsh & McLennan Companies, Inc. $MMC

Teacher Retirement System of Texas increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% during the third quarter, Holdings Channel reports. The institutional investor owned 145,839 shares of the financial services provider’s stock after buying an additional 6,334 shares during the quarter. Teacher Retirement System of Texas’ holdings in Marsh & McLennan Companies were worth $29,391,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Marsh & McLennan Companies during the 2nd quarter worth approximately $1,328,587,000. Valeo Financial Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after purchasing an additional 2,623,745 shares during the last quarter. Soundwatch Capital LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter worth $560,820,000. Mackenzie Financial Corp raised its stake in Marsh & McLennan Companies by 212.6% in the second quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock valued at $499,635,000 after buying an additional 1,554,114 shares in the last quarter. Finally, Amundi lifted its holdings in Marsh & McLennan Companies by 89.2% during the 2nd quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock worth $615,309,000 after buying an additional 1,363,706 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $182.39 on Friday. The stock has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The stock has a 50 day moving average of $183.69 and a two-hundred day moving average of $194.18. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Analyst Ratings Changes

A number of research firms have recently commented on MMC. Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective on the stock. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price target for the company from $200.00 to $195.00 in a report on Monday, October 20th. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Bank of America restated an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Finally, Wells Fargo & Company cut their price target on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $218.82.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.