Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Sells $1,673,221.37 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Marsh & McLennan Companies Stock Performance

MMC traded down $3.24 during trading hours on Tuesday, hitting $232.98. 2,563,337 shares of the stock were exchanged, compared to its average volume of 1,634,812. The stock has a 50-day simple moving average of $223.31 and a 200-day simple moving average of $223.42. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84. The stock has a market cap of $114.42 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

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, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Barclays increased their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Raymond James reissued an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $230.44.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $36,000. Ameriflex Group Inc. bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $37,000. Albion Financial Group UT bought a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $38,000. Finally, Transce3nd LLC bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.