Teachers Retirement System of The State of Kentucky Has $28.26 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,802 shares of the financial services provider's stock after selling 11,891 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Marsh & McLennan Companies were worth $28,259,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. City Holding Co. acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $37,000. Ameriflex Group Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $37,000. Garde Capital Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at $42,000. Transce3nd LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth $39,000. Finally, First Pacific Financial lifted its stake in Marsh & McLennan Companies by 133.8% in the first quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 107 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. UBS Group reduced their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Barclays cut their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $239.79.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded up $0.17 on Tuesday, reaching $210.18. 1,024,576 shares of the company's stock were exchanged, compared to its average volume of 2,000,850. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a twelve month low of $206.11 and a twelve month high of $248.00. The company has a fifty day moving average of $221.16 and a 200-day moving average of $224.82. The company has a market capitalization of $103.33 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.58 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $2.41 EPS. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.71%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is presently 39.09%.

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.