Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Sells $550,302.00 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Marsh & McLennan Companies Trading Down 1.8 %

NYSE:MMC opened at $219.81 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $108.35 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.70 and a beta of 0.85. The stock’s 50 day moving average price is $232.00 and its 200 day moving average price is $224.44. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. raised its holdings in Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after acquiring an additional 3,300 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 7,380 shares during the period. Sanctuary Advisors LLC grew its position in shares of Marsh & McLennan Companies by 4.3% in the third quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock valued at $19,461,000 after purchasing an additional 3,553 shares during the last quarter. Finally, Czech National Bank boosted its stake in Marsh & McLennan Companies by 6.3% during the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after purchasing an additional 6,310 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Company Profile

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.