Marsh & McLennan Companies, Inc. (NYSE:MMC) declared a quarterly dividend on Wednesday, March 21st, RTT News reports. Shareholders of record on Tuesday, April 10th will be paid a dividend of 0.375 per share by the financial services provider on Tuesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.78%.
Marsh & McLennan Companies has raised its dividend payment by an average of 10.5% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Marsh & McLennan Companies has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marsh & McLennan Companies to earn $4.75 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 31.6%.
Marsh & McLennan Companies stock opened at $84.49 on Thursday. Marsh & McLennan Companies has a twelve month low of $71.79 and a twelve month high of $86.54. The firm has a market capitalization of $43,112.29, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 0.70.
In related news, CEO Julio A. Portalatin sold 10,911 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $81.87, for a total value of $893,283.57. Following the sale, the chief executive officer now owns 59,083 shares in the company, valued at $4,837,125.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel S. Glaser sold 41,504 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $81.88, for a total value of $3,398,347.52. Following the completion of the sale, the insider now owns 278,792 shares in the company, valued at approximately $22,827,488.96. The disclosure for this sale can be found here. Insiders sold 150,855 shares of company stock valued at $12,395,268 over the last ninety days. Corporate insiders own 1.46% of the company’s stock.
MMC has been the subject of a number of analyst reports. Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. UBS lowered Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Barclays raised their price target on Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Citigroup cut their price target on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, February 9th. Finally, Wells Fargo reaffirmed a “buy” rating and issued a $91.00 price target on shares of Marsh & McLennan Companies in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $88.36.
Marsh & McLennan Companies Company Profile
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.
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