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

Marsh & McLennan Companies, Inc. (NYSE:MMC - Get Free Report) CEO Dean Michael Klisura sold 9,569 shares of the business's 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 transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $5,129,075. This trade represents a 31.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Stock Performance

NYSE:MMC traded down $14.33 on Friday, hitting $229.94. The company's stock had a trading volume of 5,141,223 shares, compared to its average volume of 1,818,732. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a fifty day moving average of $232.01 and a two-hundred day moving average of $224.52. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $248.00. The firm has a market capitalization of $113.34 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

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Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results 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%. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MMC. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, February 3rd. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $233.41.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Marsh & McLennan Companies during the 4th quarter worth $1,236,186,000. Stifel Financial Corp increased its position in shares of Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after purchasing an additional 1,883,146 shares during the period. Amundi raised its stake in Marsh & McLennan Companies by 81.1% in the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after purchasing an additional 1,823,807 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Marsh & McLennan Companies by 7,320.9% during 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 period. Finally, Raymond James Financial Inc. bought a new position in Marsh & McLennan Companies in the 4th quarter valued at about $207,278,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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.