New York State Teachers Retirement System Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

New York State Teachers Retirement System trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 344,589 shares of the financial services provider's stock after selling 12,598 shares during the period. New York State Teachers Retirement System owned 0.07% of Marsh & McLennan Companies worth $84,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $37,000. Transce3nd LLC purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Garde Capital Inc. acquired a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $42,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president owned 13,522 shares of the company's stock, valued at $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded up $1.84 during trading on Monday, reaching $218.81. The company had a trading volume of 2,389,193 shares, compared to its average volume of 1,946,033. The firm has a market capitalization of $107.81 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 2.66 and a beta of 0.83. The firm's 50-day simple moving average is $224.07 and its 200 day simple moving average is $224.74. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1-year low of $200.00 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter last year, the business earned $2.89 earnings per share. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MMC. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Barclays lifted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Two equities research 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $241.93.

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.