Atria Wealth Solutions Inc. Sells 2,096 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Marsh & McLennan Companies by 23.3%, owning 6,912 shares valued at approximately $1.69 million as per its latest SEC filing.
• Marsh & McLennan Companies recently reported quarterly earnings of $2.72 per share, exceeding analysts' expectations, and its revenue increased by 12.1% year-over-year to $6.97 billion.
• The company announced a quarterly dividend of $0.90 per share, increasing from the previous $0.82, with a payout ratio of 43.17%.

Atria Wealth Solutions Inc. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 23.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,912 shares of the financial services provider's stock after selling 2,096 shares during the period. Atria Wealth Solutions Inc.'s holdings in Marsh & McLennan Companies were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MMC. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at $25,000. City Holding Co. acquired a new position in Marsh & McLennan Companies during the 1st quarter worth $37,000. Ameriflex Group Inc. bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $37,000. Garde Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $42,000. Finally, Transce3nd LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Up 2.4%

Shares of NYSE MMC traded up $4.97 during mid-day trading on Wednesday, reaching $209.38. 2,060,115 shares of the company traded hands, compared to its average volume of 2,297,887. The company's fifty day moving average is $212.49 and its two-hundred day moving average is $223.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.27 and a fifty-two week high of $248.00. The stock has a market cap of $102.94 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.77.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be paid a $0.90 dividend. The ex-dividend date is Thursday, July 24th. This is a boost 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 1.7%. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. UBS Group decreased their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Wells Fargo & Company lowered their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Finally, Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday. They issued a "neutral" rating and a $226.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus price target of $239.94.

Marsh & McLennan Companies 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.