Kentucky Retirement Systems Sells 465 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kentucky Retirement Systems trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 33,793 shares of the financial services provider’s stock after selling 465 shares during the period. Kentucky Retirement Systems’ holdings in Marsh & McLennan Companies were worth $7,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Geode Capital Management LLC increased its position in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after acquiring an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. increased its position in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Citigroup Inc. raised its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares during the period. Kinsale Capital Group Inc. boosted its holdings in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after buying an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after buying an additional 7,380 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the subject of a number of research reports. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company increased their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of NYSE:MMC opened at $230.63 on Friday. The firm has a fifty day moving average price of $217.92 and a two-hundred day moving average price of $222.15. The company has a market cap of $113.27 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.63 and a beta of 0.96. 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, Inc. has a one year low of $196.17 and a one year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

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.