Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Paul Beswick Sells 2,169 Shares

Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Paul Beswick also recently made the following trade(s):

• On Tuesday, March 5th, Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00.

Marsh & McLennan Companies Stock Down 1.3 %

Shares of NYSE MMC opened at $208.02 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm’s fifty day moving average is $203.44 and its 200 day moving average is $199.07. The company has a market cap of $102.50 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.50 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week high of $211.53.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 EPS. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.72 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Atria Investments Inc boosted its holdings in shares of Marsh & McLennan Companies by 6.3% during the 1st quarter. Atria Investments Inc now owns 65,901 shares of the financial services provider’s stock valued at $13,574,000 after buying an additional 3,887 shares in the last quarter. Swedbank AB bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $57,851,000. Strategic Wealth Partners Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 7.2% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 1,686 shares of the financial services provider’s stock valued at $347,000 after buying an additional 113 shares in the last quarter. Kozak & Associates Inc. boosted its holdings in shares of Marsh & McLennan Companies by 15.8% during the 1st quarter. Kozak & Associates Inc. now owns 417 shares of the financial services provider’s stock valued at $87,000 after buying an additional 57 shares in the last quarter. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $187,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MMC. Evercore ISI lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. TD Cowen boosted their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $210.27.

About Marsh & McLennan Companies

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.