Marsh & McLennan Companies, Inc. (NYSE:MMC) Declares Quarterly Dividend of $0.71

Marsh & McLennan Companies, Inc. (NYSE:MMCGet Free Report) declared a quarterly dividend on Wednesday, March 13th, RTT News reports. Stockholders of record on Thursday, April 4th will be given a dividend of 0.71 per share by the financial services provider on Wednesday, May 15th. This represents a $2.84 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, April 3rd.

Marsh & McLennan Companies has increased its dividend by an average of 12.2% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Marsh & McLennan Companies has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marsh & McLennan Companies to earn $9.33 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 30.4%.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $203.88 on Tuesday. Marsh & McLennan Companies has a 52 week low of $165.86 and a 52 week high of $209.20. The stock has a market cap of $100.24 billion, a P/E ratio of 27.08, a P/E/G ratio of 2.51 and a beta of 0.90. The business’s 50 day moving average price is $200.93 and its 200-day moving average price is $196.17. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies will post 8.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price for the company. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their target price for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Royal Bank of Canada raised their price objective on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. StockNews.com downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $202.71.

Get Our Latest Stock Analysis on Marsh & McLennan Companies

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the transaction, the senior vice president now directly owns 14,199 shares in the company, valued at $2,868,198. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,751 shares of company stock valued at $7,448,163. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP grew its holdings in shares of Marsh & McLennan Companies by 68.9% in the third quarter. Gladius Capital Management LP now owns 2,911 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 1,188 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Marsh & McLennan Companies by 7.6% during the fourth quarter. Harbour Investments Inc. now owns 905 shares of the financial services provider’s stock valued at $172,000 after buying an additional 64 shares during the period. Covestor Ltd increased its stake in shares of Marsh & McLennan Companies by 85.4% during the first quarter. Covestor Ltd now owns 912 shares of the financial services provider’s stock valued at $155,000 after buying an additional 420 shares during the period. PCA Investment Advisory Services Inc. purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $142,000. Finally, Chilton Capital Management LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at about $133,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

(Get Free Report)

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.

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Dividend History for Marsh & McLennan Companies (NYSE:MMC)

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