Marsh & McLennan Companies, Inc. (NYSE:MMC) declared a quarterly dividend on Wednesday, January 12th, RTT News reports. Shareholders of record on Thursday, January 27th will be paid a dividend of 0.535 per share by the financial services provider on Tuesday, February 15th. This represents a $2.14 annualized dividend and a yield of 1.29%.
Marsh & McLennan Companies has increased its dividend by 26.6% over the last three years and has increased its dividend annually for the last 13 consecutive years. Marsh & McLennan Companies has a dividend payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marsh & McLennan Companies to earn $6.78 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 31.6%.
NYSE MMC traded up $0.31 during trading hours on Wednesday, hitting $166.04. The company had a trading volume of 28,169 shares, compared to its average volume of 2,310,505. The firm has a market capitalization of $83.83 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.91 and a beta of 0.94. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50 day simple moving average of $168.24 and a 200 day simple moving average of $158.69. Marsh & McLennan Companies has a 52 week low of $106.95 and a 52 week high of $175.12.
In related news, Director Marc D. Oken bought 5,000 shares of the company’s stock in a transaction on Friday, December 3rd. The shares were acquired at an average cost of $167.46 per share, with a total value of $837,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Martine Ferland sold 9,192 shares of the business’s stock in a transaction on Thursday, December 2nd. The stock was sold at an average price of $167.12, for a total value of $1,536,167.04. The disclosure for this sale can be found here. Insiders have sold 304,597 shares of company stock worth $51,058,405 over the last 90 days. 0.80% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on MMC. Zacks Investment Research cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $164.00 price target on the stock. in a research note on Tuesday, September 28th. Royal Bank of Canada cut Marsh & McLennan Companies from an “outperform” rating to a “sector perform” rating and set a $183.00 price target on the stock. in a research note on Thursday, December 9th. Bank of America cut Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and set a $168.00 price target on the stock. in a research note on Monday, January 3rd. MKM Partners boosted their target price on Marsh & McLennan Companies from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 22nd. Finally, Morgan Stanley boosted their target price on Marsh & McLennan Companies from $152.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $157.86.
About Marsh & McLennan Companies
Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.
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