Amalgamated Bank Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Amalgamated Bank lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 105,318 shares of the financial services provider’s stock after purchasing an additional 4,912 shares during the period. Amalgamated Bank’s holdings in Marsh & McLennan Companies were worth $23,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MMC. Private Advisor Group LLC lifted its position in Marsh & McLennan Companies by 0.9% during the first quarter. Private Advisor Group LLC now owns 14,691 shares of the financial services provider’s stock valued at $3,026,000 after acquiring an additional 126 shares during the last quarter. Financial Counselors Inc. raised its holdings in shares of Marsh & McLennan Companies by 3.8% in the first quarter. Financial Counselors Inc. now owns 3,985 shares of the financial services provider’s stock worth $821,000 after buying an additional 145 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Marsh & McLennan Companies in the first quarter worth $92,000. Catalina Capital Group LLC purchased a new position in shares of Marsh & McLennan Companies in the first quarter worth $406,000. Finally, Csenge Advisory Group raised its holdings in shares of Marsh & McLennan Companies by 3.6% in the first quarter. Csenge Advisory Group now owns 3,809 shares of the financial services provider’s stock worth $785,000 after buying an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Up 0.9 %

MMC stock opened at $221.16 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $108.62 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.26 and a beta of 0.94. The company has a fifty day moving average price of $225.09 and a 200 day moving average price of $216.68. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the company posted $1.57 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Analyst Ratings Changes

MMC has been the subject of a number of research analyst reports. Barclays started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $225.33.

About Marsh & McLennan Companies

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.