Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Sells $553,875.00 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Marsh & McLennan Companies Stock Up 0.4 %

Marsh & McLennan Companies stock opened at $219.10 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The firm has a market capitalization of $107.60 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.94. The firm’s fifty day moving average price is $225.16 and its two-hundred day moving average price is $216.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Institutional Trading of Marsh & McLennan Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at about $3,710,000. Czech National Bank increased its holdings in Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after buying an additional 6,282 shares during the last quarter. Raymond James & Associates increased its holdings in Marsh & McLennan Companies by 2.6% during the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after buying an additional 23,133 shares during the last quarter. Nordea Investment Management AB increased its holdings in 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 worth $187,218,000 after buying an additional 100,378 shares during the last quarter. Finally, Kinsale Capital Group Inc. increased its holdings in Marsh & McLennan Companies by 26.8% during the first quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after buying an additional 3,984 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MMC. Bank of America upped their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $225.33.

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.