Marsh & McLennan Companies, Inc. (NYSE:MMC) CMO Sells $947,636.64 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) CMO John Jude Jones sold 4,908 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $193.08, for a total transaction of $947,636.64. Following the sale, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at $1,540,392.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marsh & McLennan Companies Price Performance

MMC stock opened at $196.74 on Thursday. Marsh & McLennan Companies, Inc. has a 52 week low of $151.86 and a 52 week high of $199.20. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $192.83 and a two-hundred day simple moving average of $187.04. The firm has a market capitalization of $97.01 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 2.22 and a beta of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.39 by $0.18. The business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.22 billion. Marsh & McLennan Companies had a net margin of 15.61% and a return on equity of 34.01%. Marsh & McLennan Companies’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.93 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 6th will be issued a $0.71 dividend. The ex-dividend date is Thursday, October 5th. This represents a $2.84 annualized dividend and a dividend yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.92%.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several institutional investors have recently made changes to their positions in the company. Nilsine Partners LLC lifted its holdings in shares of Marsh & McLennan Companies by 0.8% in the 2nd quarter. Nilsine Partners LLC now owns 6,386 shares of the financial services provider’s stock worth $1,201,000 after acquiring an additional 52 shares during the last quarter. Ignite Planners LLC lifted its holdings in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock valued at $243,000 after buying an additional 52 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Marsh & McLennan Companies by 40.5% during the 2nd quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock valued at $35,000 after buying an additional 53 shares in the last quarter. Citizens & Northern Corp lifted its holdings in Marsh & McLennan Companies by 0.8% during the 2nd quarter. Citizens & Northern Corp now owns 6,703 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 53 shares in the last quarter. Finally, Fortis Capital Advisors LLC lifted its holdings in Marsh & McLennan Companies by 4.7% during the 2nd quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock valued at $223,000 after buying an additional 53 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MMC. StockNews.com began coverage on shares of Marsh & McLennan Companies in a report on Thursday, October 5th. They set a “buy” rating for the company. Citigroup increased their price objective on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $196.00 to $209.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Finally, Royal Bank of Canada increased their price objective on shares of Marsh & McLennan Companies from $195.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Friday, October 20th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $201.38.

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 in two segments, Risk and Insurance Services, and Consulting. 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.