Neo Ivy Capital Management Acquires Shares of 2,664 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Neo Ivy Capital Management purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,664 shares of the financial services provider's stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Carmichael Hill & Associates Inc. grew its holdings in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth $31,000. Crewe Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 80 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $41,000. Finally, Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter worth about $41,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

MMC stock traded up $1.57 during mid-day trading on Thursday, hitting $215.92. 2,150,221 shares of the stock were exchanged, compared to its average volume of 1,705,702. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $106.04 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.71 and a beta of 0.94. The business has a fifty day moving average price of $224.38 and a 200 day moving average price of $220.66. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. During the same period last year, the business earned $1.57 earnings per share. The business's quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.51%. Marsh & McLennan Companies's payout ratio is 40.15%.

Wall Street Analyst Weigh In

MMC has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 10th. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. Barclays boosted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three 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 $228.13.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company's stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.