NEOS Investment Management LLC Has $12.69 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

NEOS Investment Management LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 49.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,954 shares of the financial services provider’s stock after acquiring an additional 20,956 shares during the quarter. NEOS Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $12,687,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new stake in Marsh & McLennan Companies during the 3rd quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Westside Investment Management Inc. increased its position in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the period. Delos Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $32,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth about $32,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $182.39 on Wednesday. The stock has a market capitalization of $89.35 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The firm has a 50 day moving average of $183.96 and a 200-day moving average of $190.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, January 29th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MMC shares. Cantor Fitzgerald decreased their target price on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Citigroup dropped their price objective on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Bank of America reissued an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $216.88.

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.