Mutual of America Capital Management LLC Has $13.09 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mutual of America Capital Management LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,134 shares of the financial services provider’s stock after selling 2,372 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $13,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Price T Rowe Associates Inc. MD grew its position in shares of Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after purchasing an additional 2,526,701 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Marsh & McLennan Companies by 4,991.4% during the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after buying an additional 679,474 shares in the last quarter. Jennison Associates LLC grew its position in Marsh & McLennan Companies by 229.6% during the first quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after buying an additional 649,505 shares in the last quarter. M&G Plc acquired a new stake in Marsh & McLennan Companies during the first quarter worth approximately $118,353,000. Finally, Bristol Gate Capital Partners Inc. acquired a new stake in Marsh & McLennan Companies during the first quarter worth approximately $95,139,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.3 %

Shares of NYSE:MMC opened at $228.07 on Wednesday. The firm has a market cap of $112.38 billion, a P/E ratio of 28.94, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The business has a fifty day simple moving average of $222.83 and a 200 day simple moving average of $211.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $2.20 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a dividend of $0.815 per share. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a yield of 1.43%. The ex-dividend date was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

Wall Street Analyst Weigh In

MMC has been the topic of a number of analyst reports. Barclays initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Bank of America raised their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Roth Mkm raised their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $215.53.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. Insiders sold a total of 21,735 shares of company stock valued at $4,897,317 in the last three months. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies 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.