Marsh & McLennan Companies, Inc. (NYSE:MMC) VP Stacy Mills Sells 1,317 Shares

Marsh & McLennan Companies, Inc. (NYSE:MMC) VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $232.98 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84. The company’s 50-day moving average is $223.72 and its 200 day moving average is $223.49. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. grew its stake in Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Citigroup Inc. grew its stake in shares of Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after acquiring an additional 23,445 shares during the last quarter. Kinsale Capital Group Inc. boosted its position in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after buying an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Marsh & McLennan Companies by 197.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 7,380 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Barclays boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Raymond James restated an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $230.44.

About Marsh & McLennan Companies

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.