Atria Investments Inc Buys 9,547 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Atria Investments Inc raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,853 shares of the financial services provider's stock after buying an additional 9,547 shares during the period. Atria Investments Inc's holdings in Marsh & McLennan Companies were worth $18,707,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock worth $146,047,000 after purchasing an additional 679,474 shares during the period. M&G Plc purchased a new position in Marsh & McLennan Companies during the 1st quarter worth approximately $118,353,000. Bristol Gate Capital Partners Inc. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth approximately $95,139,000. International Assets Investment Management LLC raised its stake in shares of Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after purchasing an additional 426,425 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Marsh & McLennan Companies by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider's stock worth $2,188,348,000 after buying an additional 380,828 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MMC shares. BMO Capital Markets upped their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a research report on Friday, October 18th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a report on Thursday, October 10th. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $225.33.

Marsh & McLennan Companies Stock Up 1.0 %

Shares of NYSE:MMC traded up $2.18 during midday trading on Friday, hitting $225.36. The stock had a trading volume of 2,395,777 shares, compared to its average volume of 1,808,196. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $110.68 billion, a P/E ratio of 27.75, a PEG ratio of 3.32 and a beta of 0.94. The business's 50-day simple moving average is $224.83 and its 200-day simple moving average is $217.18.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 EPS. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 40.15%.

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.