Atomi Financial Group Inc. Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Atomi Financial Group Inc. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,844 shares of the financial services provider’s stock after purchasing an additional 262 shares during the quarter. Atomi Financial Group Inc.’s holdings in Marsh & McLennan Companies were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Reynders McVeigh Capital Management LLC grew its holdings in shares of Marsh & McLennan Companies by 8.1% in the first quarter. Reynders McVeigh Capital Management LLC now owns 2,270 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 170 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Marsh & McLennan Companies by 1.0% in the first quarter. Smithfield Trust Co now owns 6,737 shares of the financial services provider’s stock worth $1,386,000 after purchasing an additional 65 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Marsh & McLennan Companies by 17.3% in the first quarter. Forsta AP Fonden now owns 148,700 shares of the financial services provider’s stock worth $30,629,000 after purchasing an additional 21,900 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Marsh & McLennan Companies by 42.9% in the first quarter. Illinois Municipal Retirement Fund now owns 46,775 shares of the financial services provider’s stock worth $9,635,000 after purchasing an additional 14,042 shares during the last quarter. Finally, PFG Advisors grew its holdings in shares of Marsh & McLennan Companies by 11.2% in the first quarter. PFG Advisors now owns 8,724 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 876 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the sale, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several recent analyst reports. TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Keefe, Bruyette & Woods lifted their price target 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. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. UBS Group raised their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley raised their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $213.60.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $0.67 during midday trading on Monday, hitting $219.02. The stock had a trading volume of 447,719 shares, compared to its average volume of 1,674,826. The firm’s fifty day moving average is $209.64 and its two-hundred day moving average is $203.02. The company has a market capitalization of $107.92 billion, a PE ratio of 27.76, a P/E/G ratio of 3.08 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $219.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last released its 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. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 EPS. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be given a dividend of $0.815 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

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.