Atria Wealth Solutions Inc. Sells 3,548 Shares of Marsh & McLennan Companies, Inc. $MMC

Atria Wealth Solutions Inc. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 51.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,364 shares of the financial services provider's stock after selling 3,548 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Marsh & McLennan Companies were worth $736,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Marsh & McLennan Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after purchasing an additional 581,930 shares during the period. Wellington Management Group LLP increased its holdings in shares of Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares during the period. Goldman Sachs Group Inc. increased its stake in Marsh & McLennan Companies by 8.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider's stock valued at $1,060,362,000 after acquiring an additional 340,907 shares during the period. Nuveen LLC bought a new stake in Marsh & McLennan Companies in the first quarter valued at about $1,038,594,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Marsh & McLennan Companies by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider's stock valued at $697,471,000 after acquiring an additional 65,778 shares during the period. Institutional investors own 87.99% of the company's stock.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 target price on the stock. Morgan Stanley lowered their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 7th. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a "peer perform" rating on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an "equal weight" rating on the stock in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $236.43.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $189.85 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $93.34 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 2.39 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $185.12 and a 1-year high of $248.00. The firm's 50-day moving average price is $202.94 and its two-hundred day moving average price is $214.01.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the business earned $1.63 earnings per share. Marsh & McLennan Companies's quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

About Marsh & McLennan Companies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.