Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul Sells 2,500 Shares of Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $218.27 on Friday. The firm has a market capitalization of $107.20 billion, a P/E ratio of 26.88, a PEG ratio of 3.29 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average price of $225.24 and a 200 day moving average price of $216.12. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MMC. UBS Group upped their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Bank of America increased their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. 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 report on Thursday, October 10th. Finally, Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $225.33.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of institutional investors have recently bought and sold shares of MMC. Valeo Financial Advisors LLC raised its position in Marsh & McLennan Companies by 4.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 5,175 shares of the financial services provider’s stock worth $1,066,000 after buying an additional 214 shares during the last quarter. Norden Group LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $918,000. First Trust Direct Indexing L.P. increased its holdings in shares of Marsh & McLennan Companies by 7.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 10,261 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 739 shares in the last quarter. Marshall Financial Group LLC increased its holdings in shares of Marsh & McLennan Companies by 10.9% during the 1st quarter. Marshall Financial Group LLC now owns 4,428 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 435 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in shares of Marsh & McLennan Companies by 0.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 38,863 shares of the financial services provider’s stock valued at $7,671,000 after purchasing an additional 330 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company 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.