Marsh & McLennan Companies, Inc. (NYSE:MMC) VP Sells $925,882.77 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $219.37 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $227.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $108.09 billion, a PE ratio of 27.84, a PEG ratio of 3.20 and a beta of 0.94. The stock’s fifty day simple moving average is $214.57 and its 200 day simple moving average is $206.34.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the company posted $2.20 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts predict 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. Shareholders of record on Monday, July 15th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Wall Street Analyst Weigh In

MMC has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Roth Mkm raised their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a report on Wednesday, April 17th. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $214.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MMC. Valley National Advisers Inc. boosted its position in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies during the first quarter worth $25,000. Private Wealth Management Group LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at $26,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter worth about $27,000. Finally, Sachetta LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $29,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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.