NJ State Employees Deferred Compensation Plan Has $2.67 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NJ State Employees Deferred Compensation Plan lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,100 shares of the financial services provider’s stock after selling 4,900 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Marsh & McLennan Companies were worth $2,672,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina boosted its stake in Marsh & McLennan Companies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after purchasing an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Marsh & McLennan Companies by 0.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after purchasing an additional 10,161 shares during the period. CENTRAL TRUST Co raised its stake in shares of Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 75 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $2,825,000. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Evercore ISI upped their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded down $3.52 during midday trading on Friday, reaching $197.95. 1,783,598 shares of the company traded hands, compared to its average volume of 1,728,187. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The firm’s fifty day moving average price is $203.14 and its two-hundred day moving average price is $197.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $97.53 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 36.04%.

Insider Buying and Selling

In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the transaction, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.