Atria Investments Inc Lowers Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Atria Investments Inc trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,117 shares of the financial services provider's stock after selling 5,638 shares during the quarter. Atria Investments Inc's holdings in Marsh & McLennan Companies were worth $20,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MMC. Norges Bank purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $1,236,186,000. Stifel Financial Corp boosted its holdings in shares of Marsh & McLennan Companies by 551.0% during the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock valued at $472,599,000 after acquiring an additional 1,883,146 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Marsh & McLennan Companies by 32,120.9% during the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock valued at $369,869,000 after acquiring an additional 1,510,966 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Marsh & McLennan Companies by 153.6% during the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider's stock valued at $578,517,000 after acquiring an additional 1,436,044 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Marsh & McLennan Companies by 473.2% in the fourth quarter. Franklin Resources Inc. now owns 927,525 shares of the financial services provider's stock worth $197,016,000 after buying an additional 765,696 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price target on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $239.79.

Marsh & McLennan Companies Price Performance

MMC traded up $2.07 during trading hours on Friday, hitting $210.39. The company's stock had a trading volume of 2,290,058 shares, compared to its average volume of 2,449,143. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The business's 50-day moving average price is $219.49 and its 200-day moving average price is $224.61. The stock has a market cap of $103.43 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 2.53 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a 12 month low of $207.21 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be paid a dividend of $0.90 per share. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.