Neo Ivy Capital Management Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Neo Ivy Capital Management lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 558.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,544 shares of the financial services provider's stock after buying an additional 14,880 shares during the quarter. Neo Ivy Capital Management's holdings in Marsh & McLennan Companies were worth $3,726,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MMC. Financial Life Planners bought a new position in Marsh & McLennan Companies during the 4th quarter worth $33,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $38,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $39,000. Finally, Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $41,000. Institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. This trade represents a 25.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock valued at $16,244,986 in the last three months. Corporate insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Raymond James reaffirmed an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Trading Down 0.5%

MMC stock traded down $1.24 during midday trading on Wednesday, hitting $230.29. The stock had a trading volume of 407,213 shares, compared to its average volume of 1,916,864. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average price of $228.98 and a two-hundred day moving average price of $225.24. Marsh & McLennan Companies, Inc. has a 1-year low of $201.77 and a 1-year high of $248.00. The firm has a market cap of $113.47 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter in the prior year, the company earned $2.89 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

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.