Marsh & McLennan Companies (NYSE:MRSH) Insider Martin South Sells 7,100 Shares of Stock

Marsh & McLennan Companies, Inc. (NYSE:MRSH) insider Martin South sold 7,100 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the completion of the sale, the insider directly owned 16,632 shares in the company, valued at approximately $3,159,913.68. The trade was a 29.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Marsh & McLennan Companies Trading Up 2.8%

Marsh & McLennan Companies stock opened at $197.56 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $156.60 and a 1-year high of $213.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. The company has a market cap of $94.28 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.76 and a beta of 0.61. The business’s 50 day moving average price is $172.40.

Marsh & McLennan Companies (NYSE:MRSH) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.89 by $0.07. The firm had revenue of $7.28 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. Marsh & McLennan Companies’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

Institutional Investors Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently made changes to their positions in MRSH. State Street Corp purchased a new position in Marsh & McLennan Companies in the 4th quarter worth $4,057,682,000. Capital International Investors purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $3,482,557,000. Capital World Investors purchased a new position in shares of Marsh & McLennan Companies in 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 purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $1,710,101,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $186.00 to $188.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the company a “market perform” rating in a research note on Friday, April 17th. Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Cantor Fitzgerald increased their price target on shares of Marsh & McLennan Companies from $210.00 to $218.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Piper Sandler cut their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $201.94.

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.