Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Dean Michael Klisura Sells 9,569 Shares

Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $5,129,075. The trade was a 31.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Dean Michael Klisura also recently made the following trade(s):

• On Monday, March 10th, Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37.

Marsh & McLennan Companies Trading Down 0.1 %

MMC stock opened at $243.72 on Thursday. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $245.98. The company has a market capitalization of $119.70 billion, a PE ratio of 29.76, a P/E/G ratio of 2.70 and a beta of 0.95. The firm’s 50-day moving average is $231.26 and its 200 day moving average is $224.41. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of research analyst reports. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price for the company. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Raymond James reissued an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $233.41.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently bought and sold shares of the business. Financial Life Planners purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at $33,000. Sierra Ocean LLC purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Ameriflex Group Inc. purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $37,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Finally, Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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.