Insider Selling: Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Sells 2,500 Shares of Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction 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 approximately $10,756,030.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $218.27 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $232.32. The company has a market cap of $107.20 billion, a PE ratio of 26.88, a P/E/G ratio of 3.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day simple moving average of $225.24 and a 200-day simple moving average of $216.12.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Wall Street Analyst Weigh In

MMC has been the topic of several recent research reports. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. UBS Group lifted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $225.33.

Institutional Investors Weigh In On Marsh & McLennan Companies

Large investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth approximately $27,000. Carmichael Hill & Associates Inc. raised its stake in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $31,000. Crewe Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the last quarter. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 712.5% during the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

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.