Marsh & McLennan Companies, Inc. (NYSE:MMC) CFO Sells $1,170,156.00 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $219.37 on Friday. The stock has a market capitalization of $108.09 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a fifty day moving average of $214.57 and a 200-day moving average of $206.34. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $227.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $2.20 earnings per share. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be issued a $0.815 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Evercore ISI raised their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Finally, Bank of America increased their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $214.25.

Institutional Investors Weigh In On Marsh & McLennan Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parnassus Investments LLC raised its stake in shares of Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after acquiring an additional 11,459 shares during the last quarter. Veritas Investment Partners UK Ltd. lifted its holdings in Marsh & McLennan Companies by 16.9% in the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock worth $266,134,000 after buying an additional 203,017 shares during the period. Nordea Investment Management AB increased its stake in shares of Marsh & McLennan Companies by 12.4% during the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after buying an additional 100,378 shares during the period. CENTRAL TRUST Co raised its holdings in shares of Marsh & McLennan Companies by 5.5% during the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 75 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at $3,465,000. 87.99% of the stock is currently owned by 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.