Valeo Financial Advisors LLC Boosts Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Valeo Financial Advisors LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 48,212.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,629,187 shares of the financial services provider’s stock after purchasing an additional 2,623,745 shares during the period. Marsh & McLennan Companies comprises 1.8% of Valeo Financial Advisors LLC’s holdings, making the stock its 12th biggest position. Valeo Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $574,845,000 as of its most recent SEC filing.

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

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $201.25 on Monday. The business’s 50 day moving average price is $202.96 and its 200 day moving average price is $216.51. The company has a market cap of $98.94 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.53 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year high of $248.00.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MMC shares. Keefe, Bruyette & Woods dropped their price target on 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. UBS Group decreased their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a report on Monday, July 21st. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a research report on Friday, July 18th. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price for the company. Finally, Citigroup started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies currently 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 stock in a transaction on 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 in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

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.