Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Nicholas Mark Studer Sells 49,390 Shares of Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Nicholas Mark Studer sold 49,390 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the sale, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $231.71 on Friday. The firm has a market cap of $113.80 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. 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 business has a 50 day moving average price of $224.84 and a 200-day moving average price of $223.62.

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 for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Institutional Trading of Marsh & McLennan Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Life Planners purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $33,000. Sierra Ocean LLC purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $36,000. Ameriflex Group Inc. purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $37,000. Albion Financial Group UT purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $38,000. Finally, Transce3nd LLC purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MMC shares. Barclays upped their price target 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. Evercore ISI reiterated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company upped their price objective 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. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $230.44.

About Marsh & McLennan Companies

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.