New York State Teachers Retirement System trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 740,959 shares of the financial services provider’s stock after selling 6,074 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Marsh & McLennan Companies worth $62,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MMC. Carroll Financial Associates Inc. lifted its stake in shares of Marsh & McLennan Companies by 21.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 233 shares during the period. Tompkins Financial Corp lifted its stake in shares of Marsh & McLennan Companies by 10.9% in the 2nd quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 135 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $109,000. Grove Bank & Trust lifted its stake in shares of Marsh & McLennan Companies by 5.6% in the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 85 shares during the period. Finally, CWM LLC lifted its stake in shares of Marsh & McLennan Companies by 0.7% in the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 13 shares during the period. 84.78% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies, Inc. (MMC) traded up 1.63% on Wednesday, reaching $82.25. The company had a trading volume of 1,595,338 shares. The firm has a market capitalization of $42.16 billion, a price-to-earnings ratio of 22.73 and a beta of 1.01. The company’s 50 day moving average is $83.03 and its 200-day moving average is $78.61. Marsh & McLennan Companies, Inc. has a one year low of $62.87 and a one year high of $84.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.50 annualized dividend and a yield of 1.85%. Marsh & McLennan Companies’s payout ratio is 41.10%.

MMC has been the topic of a number of recent analyst reports. BidaskClub downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, August 9th. Citigroup Inc. boosted their price objective on Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Barclays PLC boosted their price objective on Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Buy” and a consensus target price of $83.75.

ILLEGAL ACTIVITY NOTICE: “Marsh & McLennan Companies, Inc. (MMC) Stake Lessened by New York State Teachers Retirement System” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://theolympiareport.com/2017/11/01/marsh-mclennan-companies-inc-mmc-stake-lessened-by-new-york-state-teachers-retirement-system.html.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the sale, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

Receive News & Ratings for Marsh & McLennan Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.