RVW Wealth LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• RVW Wealth LLC has acquired a new stake in Marsh & McLennan Companies, purchasing 1,681 shares valued at approximately $410,000.
• The company has reported a 12.1% year-over-year revenue increase of $6.97 billion for the last quarter, with an EPS of $2.72, beating analyst estimates.
• Marsh & McLennan announced a quarterly dividend increase to $0.90, providing a 1.80% dividend yield for investors.

RVW Wealth LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,681 shares of the financial services provider's stock, valued at approximately $410,000.

Other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $37,000. City Holding Co. purchased a new stake in Marsh & McLennan Companies during the 1st quarter worth approximately $37,000. Transce3nd LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $39,000. Garde Capital Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth $42,000. Finally, First Pacific Financial lifted its position in shares of Marsh & McLennan Companies by 133.8% during the 1st quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock worth $46,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded down $1.44 during trading hours on Friday, hitting $197.76. 3,514,400 shares of the company traded hands, compared to its average volume of 2,589,960. Marsh & McLennan Companies, Inc. has a twelve month low of $196.27 and a twelve month high of $248.00. The stock has a market capitalization of $97.22 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.41 and a beta of 0.80. 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 50-day moving average of $216.62 and a 200 day moving average of $224.26.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 EPS. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be paid a $0.90 dividend. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 43.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MMC. UBS Group reduced their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a report on Monday, July 21st. Barclays decreased 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 report on Monday, July 7th. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company cut their target price 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $239.79.

Marsh & McLennan Companies 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.