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

Marsh & McLennan Companies, Inc. (NYSE:MMC) CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $5,129,075. This represents a 31.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were sold at an average price of $234.97, for a total value of $1,673,221.37.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $243.85 on Wednesday. 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, Inc. has a one year low of $196.17 and a one year high of $245.98. The firm has a market capitalization of $119.76 billion, a P/E ratio of 29.77, a PEG ratio of 2.70 and a beta of 0.95. The business has a fifty day moving average price of $230.73 and a 200-day moving average price of $224.28.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, equities research 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 paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at $1,236,186,000. Stifel Financial Corp boosted its position in shares of Marsh & McLennan Companies by 551.0% during the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock valued at $472,599,000 after acquiring an additional 1,883,146 shares during the last quarter. Amundi grew its holdings in shares of Marsh & McLennan Companies by 81.1% during the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after purchasing an additional 1,823,807 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Marsh & McLennan Companies by 7,320.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $207,278,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. 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 price target for the company. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $233.41.

Marsh & McLennan Companies Company Profile

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.