Insider Selling: Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Sells 9,569 Shares of Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Dean Michael Klisura sold 9,569 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $5,129,075. This represents a 31.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dean Michael Klisura also recently made the following trade(s):

• On Monday, March 10th, Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of Marsh & McLennan Companies stock traded down $0.19 during trading on Tuesday, reaching $243.85. 1,903,563 shares of the company were exchanged, compared to its average volume of 1,804,338. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $245.98. The business has a 50-day moving average price of $230.22 and a 200-day moving average price of $224.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $119.76 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their price target on 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. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. Finally, Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $233.41.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several large investors have recently modified their holdings of MMC. MassMutual Private Wealth & Trust FSB grew its position in shares of Marsh & McLennan Companies by 3.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,927 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 125 shares during the period. 111 Capital acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $459,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Marsh & McLennan Companies by 5.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,333 shares of the financial services provider’s stock worth $10,904,000 after acquiring an additional 2,690 shares in the last quarter. Members Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $344,000. Finally, Northstar Financial Companies Inc. bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $380,000. 87.99% of the stock is currently owned by institutional investors.

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.