Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 558.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,544 shares of the financial services provider's stock after purchasing an additional 14,880 shares during the quarter. Neo Ivy Capital Management's holdings in Marsh & McLennan Companies were worth $3,726,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMC. JPMorgan Chase & Co. boosted its holdings in Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after acquiring an additional 184,239 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $301,000. UMB Bank n.a. lifted its holdings in shares of Marsh & McLennan Companies by 26.7% in the 4th quarter. UMB Bank n.a. now owns 1,865 shares of the financial services provider's stock worth $396,000 after buying an additional 393 shares during the period. Simon Quick Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 8.5% in the 4th quarter. Simon Quick Advisors LLC now owns 2,238 shares of the financial services provider's stock worth $475,000 after buying an additional 175 shares during the period. Finally, Advisory Alpha LLC lifted its holdings in shares of Marsh & McLennan Companies by 6.0% in the 4th quarter. Advisory Alpha LLC now owns 1,043 shares of the financial services provider's stock worth $222,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $2.09 on Tuesday, reaching $231.42. The company's stock had a trading volume of 1,314,359 shares, compared to its average volume of 2,185,126. The company has a market capitalization of $114.03 billion, a P/E ratio of 28.26, a PEG ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 52-week low of $201.77 and a 52-week high of $248.00. The stock has a 50-day moving average price of $229.02 and a 200-day moving average price of $225.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the business earned $2.89 earnings per share. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.41%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.

Analyst Upgrades and Downgrades

MMC has been the subject of several research reports. UBS Group upped their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Barclays boosted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. Finally, Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $241.93.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,919,096.95. The trade was a 25.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 in the last 90 days. 0.35% of the stock is owned by insiders.

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.