NEOS Investment Management LLC Purchases 8,356 Shares of Marsh & McLennan Companies, Inc. $MRSH

Key Points

• NEOS Investment Management increased its Marsh & McLennan stake by 11.9%, purchasing 8,356 shares to hold 78,716 shares valued at approximately $13.12 million. Institutional investors collectively own 87.99% of the company.
• Marsh & McLennan reported quarterly EPS of $2.96, exceeding estimates by $0.07, while revenue rose 6.2% year over year to $7.28 billion. The company also raised its quarterly dividend to $0.99, equivalent to a 2.1% yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $203.50, compared with a share price of $185.80. Recent insider activity was net selling, including director and executive sales totaling 19,813 shares over three months.

NEOS Investment Management LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 11.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,716 shares of the financial services provider's stock after buying an additional 8,356 shares during the period. NEOS Investment Management LLC's holdings in Marsh & McLennan Companies were worth $13,120,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MRSH. Brighton Jones LLC boosted its holdings in shares of Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares during the period. Bison Wealth LLC raised its holdings in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock valued at $651,000 after buying an additional 869 shares during the period. Glenview Trust co boosted its stake in Marsh & McLennan Companies by 10.8% during the second quarter. Glenview Trust co now owns 3,897 shares of the financial services provider's stock worth $852,000 after buying an additional 379 shares during the period. Osterweis Capital Management Inc. increased its position in Marsh & McLennan Companies by 18,440.0% during the second quarter. Osterweis Capital Management Inc. now owns 927 shares of the financial services provider's stock valued at $203,000 after acquiring an additional 922 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at $1,307,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MRSH opened at $185.80 on Friday. The stock's 50 day moving average is $185.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.22. Marsh & McLennan Companies, Inc. has a one year low of $156.60 and a one year high of $207.82. The stock has a market capitalization of $88.67 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.62 and a beta of 0.58.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.07. The firm had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The company's revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.44 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, July 23rd were issued a $0.99 dividend. The ex-dividend date was Thursday, July 23rd. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. Marsh & McLennan Companies's dividend payout ratio is presently 48.41%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MRSH. Cantor Fitzgerald upped their price target on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. UBS Group boosted their target price on Marsh & McLennan Companies from $212.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 22nd. Piper Sandler reduced their price target on Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Marsh & McLennan Companies from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $203.50.

Insider Buying and Selling

In other news, Director Lloyd M. Yates sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total value of $2,107,800.00. Following the completion of the sale, the director owned 12,001 shares of the company's stock, valued at approximately $2,107,975.65. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul Beswick sold 713 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $198.00, for a total transaction of $141,174.00. Following the transaction, the senior vice president directly owned 16,376 shares in the company, valued at approximately $3,242,448. The trade was a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 19,813 shares of company stock valued at $3,597,903 over the last three months. 0.38% of the stock is owned by company insiders.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies NYSE: MMC is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.

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