Neo Ivy Capital Management Acquires 14,880 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Neo Ivy Capital Management boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 558.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,544 shares of the financial services provider’s stock after buying an additional 14,880 shares during the period. Neo Ivy Capital Management’s holdings in Marsh & McLennan Companies were worth $3,726,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $36,000. Albion Financial Group UT bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $38,000. Transce3nd LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $39,000. Finally, Golden State Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $41,000. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of several analyst reports. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a report on Thursday, April 10th. Raymond James restated an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, UBS Group boosted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Trading Down 0.2%

Shares of Marsh & McLennan Companies stock opened at $228.47 on Friday. The firm has a market cap of $112.57 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.70 and a beta of 0.85. The business has a 50-day moving average price of $229.13 and a 200-day moving average price of $225.08. 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, Inc. has a twelve month low of $201.77 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter last year, the firm earned $2.89 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were given a $0.815 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.95%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction dated Monday, March 10th. The shares were 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 owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. The trade was a 63.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,634 shares of company stock worth $16,244,986. Company insiders own 0.35% of the company’s stock.

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.