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

Amalgamated Bank grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FSM Wealth Advisors LLC increased its position in shares of Marsh & McLennan Companies by 7.9% during the third quarter. FSM Wealth Advisors LLC now owns 1,383 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 101 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the third quarter valued at approximately $31,000. Impax Asset Management Group plc grew its position in Marsh & McLennan Companies by 5.6% in the 3rd quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock worth $403,200,000 after purchasing an additional 95,540 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its position in Marsh & McLennan Companies by 4.5% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 24,666 shares of the financial services provider’s stock worth $5,503,000 after purchasing an additional 1,056 shares during the period. Finally, TKG Advisors LLC grew its position in Marsh & McLennan Companies by 2.5% in the 3rd quarter. TKG Advisors LLC now owns 10,552 shares of the financial services provider’s stock worth $2,354,000 after purchasing an additional 256 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

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 $10,756,030.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, Barclays began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $221.16 on Tuesday. The company has a market capitalization of $108.62 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.26 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The firm’s 50-day moving average is $225.09 and its 200 day moving average is $216.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 dividend payout ratio is currently 40.15%.

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.