Marsh & McLennan Companies, Inc. (MMC) To Go Ex-Dividend on January 30th

Marsh & McLennan Companies, Inc. (NYSE:MMC) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors of record on Thursday, January 30th will be paid a dividend of 0.815 per share by the financial services provider on Friday, February 14th. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 30th.

Marsh & McLennan Companies has raised its dividend payment by an average of 15.1% annually over the last three years. Marsh & McLennan Companies has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marsh & McLennan Companies to earn $9.47 per share next year, which means the company should continue to be able to cover its $3.26 annual dividend with an expected future payout ratio of 34.4%.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $223.76 on Tuesday. Marsh & McLennan Companies has a 12 month low of $189.90 and a 12 month high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $109.89 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.27 and a beta of 0.96. The business’s 50-day moving average price is $218.00 and its 200-day moving average price is $221.35.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research note on Friday, January 10th. Barclays lifted 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. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $228.60.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

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.