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

Amalgamated Bank trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,450 shares of the financial services provider's stock after selling 6,575 shares during the quarter. Amalgamated Bank's holdings in Marsh & McLennan Companies were worth $23,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MMC. FMR LLC boosted its holdings in shares of Marsh & McLennan Companies by 0.3% in the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider's stock worth $3,696,223,000 after buying an additional 61,408 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider's stock worth $1,575,881,000 after buying an additional 31,821 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider's stock worth $1,169,403,000 after buying an additional 150,655 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider's stock worth $1,137,960,000 after buying an additional 271,408 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Marsh & McLennan Companies by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider's stock worth $623,723,000 after buying an additional 83,785 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MMC shares. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an "underperform" rating in a report on Wednesday, April 10th. Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an "equal weight" rating in a report on Friday, April 19th. Finally, Piper Sandler cut Marsh & McLennan Companies from an "overweight" rating to a "neutral" rating and set a $211.00 price target on the stock. in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus price target of $207.69.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of MMC traded down $0.10 during trading hours on Friday, hitting $199.26. The company had a trading volume of 1,039,890 shares, compared to its average volume of 1,735,866. The firm has a fifty day moving average price of $202.93 and a 200-day moving average price of $197.34. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $98.18 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.33 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 52-week low of $171.47 and a 52-week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. Marsh & McLennan Companies's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 36.04%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company's stock, valued at approximately $6,762,205.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Stacy Mills sold 1,461 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares of the company's stock, valued at $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares of the company's stock, valued at $6,762,205.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,751 shares of company stock valued at $7,448,163. 0.30% of the stock is owned by insiders.

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.

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