Dean Michael Klisura Sells 7,121 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Marsh & McLennan Companies Trading Down 1.4 %

Shares of MMC stock opened at $229.78 on Thursday. The stock has a market capitalization of $112.85 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $224.07 and its 200 day moving average is $223.53. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84.

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

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Institutional Trading of Marsh & McLennan Companies

Several large investors have recently modified their holdings of MMC. Impax Asset Management Group plc grew its holdings in shares of Marsh & McLennan Companies by 5.6% in the third quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock worth $403,200,000 after acquiring an additional 95,540 shares during the period. Summit Global Investments grew its holdings in Marsh & McLennan Companies by 15.7% during the third quarter. Summit Global Investments now owns 1,535 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 208 shares during the period. Capital Performance Advisors LLP bought a new stake in Marsh & McLennan Companies during the third quarter valued at about $41,000. CWA Asset Management Group LLC bought a new stake in Marsh & McLennan Companies during the third quarter valued at about $720,000. Finally, Verdence Capital Advisors LLC grew its holdings in Marsh & McLennan Companies by 21.0% during the third quarter. Verdence Capital Advisors LLC now owns 1,245 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 216 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MMC shares. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Keefe, Bruyette & Woods lowered their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Barclays raised their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $230.44.

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.