Arizona State Retirement System Has $30.18 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Arizona State Retirement System grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,088 shares of the financial services provider’s stock after acquiring an additional 581 shares during the quarter. Arizona State Retirement System’s holdings in Marsh & McLennan Companies were worth $30,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $36,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $236.69 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $241.84. The stock has a fifty day simple moving average of $221.47 and a two-hundred day simple moving average of $223.08. The stock has a market capitalization of $116.24 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results 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%. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI reaffirmed 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 boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Two 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. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $230.44.

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.