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

Teacher Retirement System of Texas lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,676 shares of the financial services provider's stock after selling 126,830 shares during the period. Teacher Retirement System of Texas' holdings in Marsh & McLennan Companies were worth $49,703,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth $37,000. Transce3nd LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $39,000. Garde Capital Inc. acquired a new stake in Marsh & McLennan Companies in the first quarter valued at about $42,000. Finally, First Pacific Financial raised its position 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 purchasing an additional 107 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. UBS Group lifted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Down 0.1%

NYSE:MMC traded down $0.30 during trading hours on Thursday, reaching $212.43. The company's stock had a trading volume of 1,711,836 shares, compared to its average volume of 1,963,196. The stock has a 50 day moving average price of $224.04 and a two-hundred day moving average price of $224.63. The company has a market capitalization of $104.67 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80. 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 12 month low of $207.21 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the prior year, the company earned $2.89 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies 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.