Mutual of America Capital Management LLC Sells 1,721 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mutual of America Capital Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,836 shares of the financial services provider’s stock after selling 1,721 shares during the period. Mutual of America Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $12,497,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. grew its position in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.4 %

MMC stock opened at $237.78 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $237.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $220.47 and its 200-day moving average is $222.83. The firm has a market capitalization of $116.78 billion, a PE ratio of 29.03, a P/E/G ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Raymond James reissued an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Finally, Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $230.44.

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.