Mark C. Mcgivney Sells 10,265 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marsh & McLennan Companies Stock Up 0.6 %

MMC opened at $219.37 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $227.63. The company has a market cap of $108.09 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a 50-day moving average price of $214.57 and a 200 day moving average price of $206.34.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is 41.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. TD Cowen lifted their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Bank of America upped their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Finally, UBS Group raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $214.25.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently modified their holdings of MMC. Valley National Advisers Inc. raised its holdings in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies during the first quarter worth approximately $25,000. Private Wealth Management Group LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $26,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter valued at $27,000. Finally, Sachetta LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $29,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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.