Insider Selling: Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Sells $477,180.00 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Paul Beswick also recently made the following trade(s):

• On Friday, May 17th, Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $216.75 on Friday. The stock has a market cap of $106.80 billion, a P/E ratio of 27.51, a PEG ratio of 3.06 and a beta of 0.94. The company’s 50-day simple moving average is $211.10 and its 200 day simple moving average is $203.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $221.71. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.50%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Institutional Trading of Marsh & McLennan Companies

Large investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its stake in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in Marsh & McLennan Companies during the first quarter worth about $25,000. Private Wealth Management Group LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies during the first quarter worth about $27,000. Finally, Cordant Inc. bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $28,000. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Bank of America upped their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. 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 report on Monday, April 15th. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $214.25.

About Marsh & McLennan Companies

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.