Marsh & McLennan Companies, Inc. (MMC) Shares Bought by Atria Investments LLC

Atria Investments LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,608 shares of the financial services provider’s stock after acquiring an additional 963 shares during the period. Atria Investments LLC’s holdings in Marsh & McLennan Companies were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CHURCHILL MANAGEMENT Corp raised its stake in shares of Marsh & McLennan Companies by 13.8% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 46,685 shares of the financial services provider’s stock worth $3,862,000 after acquiring an additional 5,673 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Marsh & McLennan Companies by 1,046.0% in the second quarter. Rehmann Capital Advisory Group now owns 3,461 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 3,159 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Marsh & McLennan Companies in the second quarter worth about $26,006,000. Northern Trust Corp raised its stake in shares of Marsh & McLennan Companies by 1.6% in the second quarter. Northern Trust Corp now owns 6,669,122 shares of the financial services provider’s stock worth $546,668,000 after acquiring an additional 106,883 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Marsh & McLennan Companies by 47.8% in the second quarter. Schroder Investment Management Group now owns 226,104 shares of the financial services provider’s stock worth $18,321,000 after acquiring an additional 73,121 shares during the last quarter. 85.96% of the stock is owned by institutional investors.

In related news, SVP E Scott Gilbert sold 80,646 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the completion of the sale, the senior vice president now directly owns 123,843 shares of the company’s stock, valued at $10,482,071.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.16% of the company’s stock.

MMC opened at $80.91 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.75. The company has a market cap of $41.77 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a fifty-two week low of $78.60 and a fifty-two week high of $87.89.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a return on equity of 29.26% and a net margin of 11.13%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 11th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 42.35%.

A number of brokerages have weighed in on MMC. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Bank of America downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $94.00 to $93.00 in a research note on Thursday, July 26th. Jefferies Financial Group reissued a “hold” rating and set a $90.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, July 27th. Raymond James downgraded shares of Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a research note on Tuesday, September 25th. Finally, Citigroup boosted their price target on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $92.27.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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