Marsh & McLennan Companies, Inc. (NYSE:MMC - Get Free Report) CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Marsh & McLennan Companies Price Performance
NYSE MMC opened at $231.71 on Friday. The company has a market capitalization of $113.80 billion, a price-to-earnings ratio of 28.29, a PEG 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. The stock has a 50-day moving average of $224.84 and a 200 day moving average of $223.62. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Marsh & McLennan Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.41%. Marsh & McLennan Companies's payout ratio is 39.80%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted 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 purchasing an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. lifted its position in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after buying an additional 3,300 shares in the last quarter. Citigroup Inc. lifted its position in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock valued at $113,384,000 after buying an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. lifted its position in shares of Marsh & McLennan Companies by 16.8% during the 3rd 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 in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Marsh & McLennan Companies by 197.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock valued at $2,480,000 after buying an additional 7,380 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on MMC shares. Evercore ISI reiterated an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Barclays raised their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price target for the company 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 report on Friday, January 31st. Finally, Raymond James restated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given 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 $230.44.
View Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Company Profile
(
Get Free Report)
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.
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