Marsh & McLennan Companies (NYSE:MRSH) CEO Sells $3,052,861.50 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MRSH) CEO John Doyle sold 16,655 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the completion of the sale, the chief executive officer owned 116,811 shares in the company, valued at approximately $21,411,456.30. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Marsh & McLennan Companies Stock Down 0.8%

Shares of NYSE:MRSH opened at $183.43 on Friday. The stock has a market capitalization of $88.80 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 12 month low of $170.37 and a 12 month high of $248.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.20.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. The company had revenue of $6.60 billion for the quarter, compared to analysts’ expectations of $6.52 billion. Marsh & McLennan Companies had a return on equity of 31.60% and a net margin of 15.42%.The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 earnings per share. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is presently 42.70%.

Institutional Trading of Marsh & McLennan Companies

Several institutional investors have recently bought and sold shares of MRSH. State Street Corp purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $4,057,682,000. Capital International Investors purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $3,482,557,000. Capital World Investors acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $3,140,284,000. Wellington Management Group LLP purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $2,967,927,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $1,710,101,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on MRSH shares. Citigroup lifted 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 Tuesday, February 3rd. JPMorgan Chase & Co. reduced their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $200.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, January 30th. Raymond James Financial raised shares of Marsh & McLennan Companies from an “outperform” rating to a “strong-buy” rating and set a $225.00 price objective on the stock in a report on Tuesday, February 17th. Finally, Weiss Ratings assumed coverage on Marsh & McLennan Companies in a research note on Thursday, January 29th. They issued a “hold (c)” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $216.18.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.