Atria Wealth Solutions Inc. Has $555,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Atria Wealth Solutions Inc. reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,357 shares of the financial services provider’s stock after selling 74 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Marsh & McLennan Companies were worth $555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $25,000. Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies in the first quarter worth approximately $32,000. Tradewinds Capital Management LLC increased its holdings in Marsh & McLennan Companies by 471.4% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 165 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in Marsh & McLennan Companies by 94.2% in the first quarter. FNY Investment Advisers LLC now owns 233 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Marsh & McLennan Companies by 91.1% in the first quarter. Raleigh Capital Management Inc. now owns 258 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 123 shares in the last quarter. 86.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 3,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total transaction of $584,700.00. Following the completion of the transaction, the director now owns 63,012 shares in the company, valued at approximately $12,281,038.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Oscar Fanjul sold 3,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total transaction of $584,700.00. Following the completion of the transaction, the director now owns 63,012 shares in the company, valued at approximately $12,281,038.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 12,976 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $192.20, for a total value of $2,493,987.20. Following the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,023,707. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,082 shares of company stock worth $16,085,453. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Down 1.2 %

Shares of NYSE:MMC opened at $196.19 on Monday. The company has a market capitalization of $96.91 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 2.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average price of $191.59 and a two-hundred day moving average price of $180.00. Marsh & McLennan Companies, Inc. has a 1 year low of $148.11 and a 1 year high of $198.78.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.08. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.77 billion. Marsh & McLennan Companies had a return on equity of 33.69% and a net margin of 15.20%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 7.71 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Thursday, July 27th were paid a dividend of $0.71 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $2.84 annualized dividend and a dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MMC. Evercore ISI upgraded Marsh & McLennan Companies from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $195.00 to $199.00 in a report on Thursday, June 8th. Bank of America upgraded Marsh & McLennan Companies from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $189.00 to $210.00 in a report on Friday, July 21st. Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $202.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, July 21st. StockNews.com began coverage on Marsh & McLennan Companies in a report on Thursday, August 17th. They set a “buy” rating for the company. Finally, Citigroup boosted their price objective on Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a report on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $193.23.

Marsh & McLennan Companies 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 in two segments, Risk and Insurance Services, and Consulting. 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.