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

Amalgamated Bank decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 103,517 shares of the financial services provider’s stock after selling 1,801 shares during the period. Amalgamated Bank’s holdings in Marsh & McLennan Companies were worth $21,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Carmichael Hill & Associates Inc. grew its position in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $36,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at $38,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $232.63 on Tuesday. The company’s 50-day moving average is $218.61 and its 200-day moving average is $222.41. 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 capitalization of $114.25 billion, a PE ratio of 28.40, a PEG ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

About Marsh & McLennan Companies

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.