Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Raised by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,311 shares of the financial services provider’s stock after buying an additional 239 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Marsh & McLennan Companies were worth $1,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Hartline Investment Corp raised its holdings in shares of Marsh & McLennan Companies by 0.8% during the 4th quarter. Hartline Investment Corp now owns 18,128 shares of the financial services provider’s stock valued at $3,435,000 after purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $347,000. SlateStone Wealth LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $223,000. Roble Belko & Company Inc raised its holdings in shares of Marsh & McLennan Companies by 16.1% during the 4th quarter. Roble Belko & Company Inc now owns 2,306 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 319 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Marsh & McLennan Companies by 3,724.1% during the 4th quarter. Larson Financial Group LLC now owns 9,828 shares of the financial services provider’s stock valued at $1,862,000 after purchasing an additional 9,571 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the transaction, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at $2,012,065.77. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 in the last ninety days. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. UBS Group raised their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their target price for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Finally, TD Cowen raised their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $199.73 on Thursday. 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 firm’s 50-day simple moving average is $203.03 and its 200-day simple moving average is $197.32. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The firm has a market cap of $98.41 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the business earned $2.53 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

About Marsh & McLennan Companies

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.