Atria Wealth Solutions Inc. Has $1.91 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Atria Wealth Solutions Inc. boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,008 shares of the financial services provider’s stock after buying an additional 425 shares during the period. Atria Wealth Solutions Inc.’s holdings in Marsh & McLennan Companies were worth $1,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MMC. Assenagon Asset Management S.A. raised its holdings in shares of Marsh & McLennan Companies by 7,320.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after purchasing an additional 1,093,817 shares during the period. FMR LLC raised its holdings in shares of Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after purchasing an additional 504,897 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Marsh & McLennan Companies by 31,846.5% during the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after purchasing an additional 426,425 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 219.5% during the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after purchasing an additional 363,569 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Raymond James restated an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Down 0.2 %

Marsh & McLennan Companies stock opened at $230.05 on Friday. The firm has a 50 day moving average price of $218.22 and a 200-day moving average price of $222.28. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The company has a market capitalization of $112.98 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

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.