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

Mutual of America Capital Management LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,836 shares of the financial services provider's stock after selling 1,721 shares during the quarter. Mutual of America Capital Management LLC's holdings in Marsh & McLennan Companies were worth $12,497,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Carmichael Hill & Associates Inc. lifted its holdings in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Financial Life Planners purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $33,000. Sierra Ocean LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $36,000. Finally, Albion Financial Group UT bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $1.18 during trading hours on Wednesday, reaching $237.95. 1,728,169 shares of the company's stock were exchanged, compared to its average volume of 1,623,729. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The company has a market capitalization of $116.86 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. 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 business has a fifty day moving average of $221.95 and a two-hundred day moving average of $223.18.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping 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%. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Evercore ISI reiterated an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Barclays lifted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.