NEOS Investment Management LLC Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NEOS Investment Management LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 30.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,822 shares of the financial services provider's stock after acquiring an additional 6,216 shares during the quarter. NEOS Investment Management LLC's holdings in Marsh & McLennan Companies were worth $5,697,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Modera Wealth Management LLC boosted its position in Marsh & McLennan Companies by 2.5% in the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after buying an additional 46 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 47 shares in the last quarter. Hemington Wealth Management grew its position in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after acquiring an additional 48 shares during the last quarter. New England Professional Planning Group Inc. increased its holdings in Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after purchasing an additional 50 shares in the last quarter. Finally, TFB Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock valued at $547,000 after purchasing an additional 51 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, 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 transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock valued at $13,350,279 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MMC. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Raymond James restated an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $233.41.

Marsh & McLennan Companies Stock Up 0.0 %

Shares of NYSE MMC traded up $0.03 during mid-day trading on Tuesday, reaching $244.06. 410,453 shares of the company's stock traded hands, compared to its average volume of 1,798,536. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $245.98. The stock has a market cap of $119.86 billion, a P/E ratio of 29.78, a PEG ratio of 2.70 and a beta of 0.95. The business has a 50-day simple moving average of $230.22 and a 200 day simple moving average of $224.18.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, analysts expect 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 will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.34%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.80%.

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.