Neo Ivy Capital Management Buys 4,426 Shares of Marsh & McLennan Companies, Inc. $MRSH

Neo Ivy Capital Management grew its position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 126.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,936 shares of the financial services provider’s stock after acquiring an additional 4,426 shares during the quarter. Neo Ivy Capital Management’s holdings in Marsh & McLennan Companies were worth $1,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRSH. Aptus Capital Advisors LLC boosted its holdings in Marsh & McLennan Companies by 3.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 97,766 shares of the financial services provider’s stock valued at $19,703,000 after acquiring an additional 3,081 shares during the period. Longfellow Investment Management Co. LLC increased its stake in Marsh & McLennan Companies by 25,652.9% in the third quarter. Longfellow Investment Management Co. LLC now owns 4,378 shares of the financial services provider’s stock worth $882,000 after purchasing an additional 4,361 shares during the period. Barclays PLC lifted its position in shares of Marsh & McLennan Companies by 41.7% during the third quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider’s stock worth $443,844,000 after purchasing an additional 647,987 shares during the last quarter. Cambria Investment Management L.P. purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $215,000. Finally, Insigneo Advisory Services LLC grew its holdings in shares of Marsh & McLennan Companies by 104.0% in the third quarter. Insigneo Advisory Services LLC now owns 2,837 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 1,446 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Evercore reduced their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Cantor Fitzgerald lifted their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Wells Fargo & Company increased their price objective on Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $200.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $216.18.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 16,655 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer directly owned 116,811 shares of the company’s stock, valued at $21,411,456.30. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Down 0.8%

Shares of MRSH opened at $183.43 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20. The firm has a market cap of $88.80 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MRSH) last announced its earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. During the same period in the previous year, the business earned $1.87 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 42.70%.

About Marsh & McLennan Companies

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.