Insider Selling: Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Sells $2,344,405.00 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $5,129,075. The trade was a 31.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dean Michael Klisura also recently made the following trade(s):

• On Monday, March 10th, Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37.

Marsh & McLennan Companies Stock Up 0.2 %

Marsh & McLennan Companies stock opened at $244.18 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $246.53. The business has a fifty day moving average price of $231.79 and a 200-day moving average price of $224.55. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $119.93 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results 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 return on equity of 32.60% and a net margin of 16.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Ratings Changes

A number of equities analysts have commented on MMC shares. JPMorgan Chase & Co. upped 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. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $233.41.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of large investors have recently made changes to their positions in MMC. Geode Capital Management LLC lifted its position in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the period. Louisbourg Investments Inc. lifted its holdings in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after buying an additional 7,380 shares during the period. Sanctuary Advisors LLC raised its position in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after buying an additional 3,553 shares during the last quarter. Finally, Czech National Bank lifted its stake in Marsh & McLennan Companies by 6.3% during the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after acquiring an additional 6,310 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

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.