Los Angeles Capital Management LLC Lowers Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Los Angeles Capital Management LLC lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 390,020 shares of the financial services provider’s stock after selling 139,219 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.08% of Marsh & McLennan Companies worth $82,844,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MMC. AMF Tjanstepension AB raised its stake in shares of Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after acquiring an additional 19,024 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Marsh & McLennan Companies by 38.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,487 shares of the financial services provider’s stock valued at $10,858,000 after purchasing an additional 13,386 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,752 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 114 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Marsh & McLennan Companies by 5.2% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 3,594 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 179 shares in the last quarter. Finally, Tower View Wealth Management LLC increased its stake in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Tower View Wealth Management LLC now owns 30,825 shares of the financial services provider’s stock valued at $6,877,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.1 %

Shares of MMC stock opened at $232.63 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $114.25 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The company has a 50-day moving average of $218.61 and a two-hundred day moving average of $222.41. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results 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 net margin of 16.60% and a return on equity of 32.60%. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

Several analysts have recently commented on MMC shares. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.