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

Mutual of America Capital Management LLC trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,116 shares of the financial services provider's stock after selling 1,720 shares during the quarter. Mutual of America Capital Management LLC's holdings in Marsh & McLennan Companies were worth $13,938,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after purchasing an additional 2,960 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $37,178,000. Federated Hermes Inc. lifted its position in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 16,415 shares of the financial services provider's stock valued at $3,487,000 after acquiring an additional 161 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Marsh & McLennan Companies by 81.0% in the fourth quarter. Bank of Nova Scotia now owns 257,810 shares of the financial services provider's stock worth $54,761,000 after acquiring an additional 115,336 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Marsh & McLennan Companies by 62.3% during the fourth quarter. Renaissance Technologies LLC now owns 503,100 shares of the financial services provider's stock worth $106,863,000 after purchasing an additional 193,200 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.4%

Shares of MMC stock traded down $0.80 during trading hours on Thursday, reaching $203.10. 3,026,763 shares of the stock were exchanged, compared to its average volume of 2,861,376. Marsh & McLennan Companies, Inc. has a 12-month low of $196.27 and a 12-month high of $248.00. The company's 50-day moving average price is $214.32 and its 200-day moving average price is $223.89. The firm has a market capitalization of $99.85 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.47 and a beta of 0.77. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Analysts Set New Price Targets

A number of research analysts recently commented on MMC shares. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a report on Friday, July 18th. Barclays dropped their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. UBS Group reduced their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, July 21st. Finally, Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $239.79.

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.