Peak Financial Advisors LLC Purchases Shares of 10,934 Marsh & McLennan Companies, Inc. $MMC

Key Points

• Peak Financial Advisors LLC acquired 10,934 shares of Marsh & McLennan Companies, valued at approximately $2.39 million, during the second quarter.
• Marsh & McLennan reported $2.72 earnings per share for the last quarter, exceeding analysts' expectations, with revenue of $6.97 billion, a 12.1% increase year-over-year.
• The company recently increased its quarterly dividend to $0.90 per share, up from $0.82, reflecting a commitment to return value to shareholders.

Peak Financial Advisors LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,934 shares of the financial services provider's stock, valued at approximately $2,391,000.

Other hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new stake in Marsh & McLennan Companies during the first quarter valued at $25,000. Knuff & Co LLC bought a new position in Marsh & McLennan Companies during the 1st quarter worth about $28,000. Activest Wealth Management grew its holdings in Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after acquiring an additional 111 shares in the last quarter. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $37,000. Finally, Capital Analysts LLC raised its position in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 0.2%

Shares of MMC opened at $202.97 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market cap of $99.78 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.56 and a beta of 0.81. The company's 50-day moving average price is $206.85 and its 200 day moving average price is $220.35. Marsh & McLennan Companies, Inc. has a 12-month low of $196.27 and a 12-month high of $248.00.

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

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were given a dividend of $0.90 per share. 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 1.8%. The ex-dividend date of this dividend was Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

Wall Street Analyst Weigh In

MMC has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target for the company. Wells Fargo & Company dropped their price target on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st. Barclays lowered their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Finally, UBS Group lowered their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and an average target price of $238.76.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company's stock, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Company 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.

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