Amalgamated Bank Has $4.73 Million Position in Marsh & McLennan Companies, Inc. (MMC)

Amalgamated Bank boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 54.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,692 shares of the financial services provider’s stock after buying an additional 21,275 shares during the quarter. Amalgamated Bank’s holdings in Marsh & McLennan Companies were worth $4,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. raised its position in Marsh & McLennan Companies by 21.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after buying an additional 233 shares during the last quarter. Tompkins Financial Corp raised its position in Marsh & McLennan Companies by 10.9% in the 2nd quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after buying an additional 135 shares during the last quarter. Grove Bank & Trust raised its position in Marsh & McLennan Companies by 5.6% in the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after buying an additional 85 shares during the last quarter. CWM LLC raised its position in Marsh & McLennan Companies by 0.7% in the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after buying an additional 13 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its position in Marsh & McLennan Companies by 11.3% in the 2nd quarter. Orrstown Financial Services Inc. now owns 1,797 shares of the financial services provider’s stock valued at $140,000 after buying an additional 182 shares during the last quarter. 84.87% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies, Inc. (MMC) traded down 0.10% on Friday, hitting $81.12. The stock had a trading volume of 843,492 shares. The company has a market capitalization of $41.58 billion, a price-to-earnings ratio of 22.42 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $82.86. The firm has a 50-day moving average of $78.34 and a 200 day moving average of $76.39.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts predict that Marsh & McLennan Companies, Inc. will post $3.80 earnings per share for the current year.

A number of research analysts have issued reports on the company. BidaskClub downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Barclays PLC upped their price objective on Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, June 27th. Morgan Stanley restated an “equal weight” rating and issued a $80.00 price objective (up previously from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Marsh & McLennan Companies in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $81.56.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the sale, the senior vice president now owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.46% of the stock is currently owned by corporate insiders.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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