Amalgamated Bank Sells 3,868 Shares of Marsh & McLennan Companies, Inc. $MMC

Amalgamated Bank lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,102 shares of the financial services provider’s stock after selling 3,868 shares during the quarter. Amalgamated Bank’s holdings in Marsh & McLennan Companies were worth $21,886,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MMC. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $28,000. Activest Wealth Management raised its position in shares of Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 111 shares during the period. Capital Analysts LLC raised its position in shares of Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the period. Finally, Clean Yield Group raised its position in shares of Marsh & McLennan Companies by 114.4% in the second quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 103 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.6%

Shares of NYSE:MMC opened at $179.93 on Thursday. The company’s fifty day moving average is $199.58 and its 200-day moving average is $211.55. The company has a market capitalization of $88.15 billion, a PE ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a 52 week low of $179.26 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $248.00 to $242.00 in a research report on Thursday, October 9th. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price on the stock. UBS Group dropped their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Finally, Evercore ISI dropped their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $234.07.

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.