Insider Selling: Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Sells 2,169 Shares of Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Paul Beswick also recently made the following trade(s):

• On Tuesday, March 5th, Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00.

Marsh & McLennan Companies Price Performance

MMC stock opened at $210.82 on Thursday. The firm has a 50 day simple moving average of $203.44 and a two-hundred day simple moving average of $199.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $103.88 billion, a PE ratio of 26.75, a P/E/G ratio of 3.48 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $211.53.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the prior year, the firm earned $2.53 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Analysts Set New Price Targets

A number of brokerages recently commented on MMC. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. UBS Group boosted their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Bank of America upped their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.27.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Valley National Advisers Inc. raised its position in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the period. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $26,000. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $27,000. Finally, Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $27,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

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 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.