Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Amalgamated Bank

Amalgamated Bank raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC increased its holdings 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 worth $3,026,000 after buying an additional 126 shares during the last quarter. Financial Counselors Inc. lifted its position in Marsh & McLennan Companies by 3.8% during the first quarter. Financial Counselors Inc. now owns 3,985 shares of the financial services provider's stock worth $821,000 after purchasing an additional 145 shares during the period. Central Pacific Bank Trust Division acquired a new position in Marsh & McLennan Companies during the first quarter worth about $92,000. Catalina Capital Group LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth about $406,000. Finally, Csenge Advisory Group increased its stake 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 valued at $785,000 after buying an additional 132 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE:MMC traded up $0.39 on Tuesday, reaching $221.55. The stock had a trading volume of 1,331,673 shares, compared to its average volume of 1,677,991. The stock has a market cap of $108.81 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 3.26 and a beta of 0.94. The company has a 50-day moving average of $225.00 and a 200 day moving average of $216.82. 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, Inc. has a 12-month low of $184.28 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its 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 firm had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.71 billion. During the same period last year, the firm posted $1.57 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 40.15%.

Analysts Set New Price Targets

A number of research firms have weighed in on MMC. Bank of America increased their target price 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. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a "sell" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $225.33.

Marsh & McLennan Companies Company Profile

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.