Mutual of America Capital Management LLC Has $12.50 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mutual of America Capital Management LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. lifted its holdings in Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Citigroup Inc. lifted its holdings in Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares during the last quarter. Kinsale Capital Group Inc. lifted its holdings in Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Marsh & McLennan Companies by 197.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the subject of several research reports. Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Raymond James reissued an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Finally, Barclays lifted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Trading Up 1.4 %

Shares of MMC opened at $237.78 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $237.97. The business’s fifty day moving average is $220.47 and its 200-day moving average is $222.83. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $116.78 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

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.