Marsh & McLennan Companies, Inc. (NYSE:MMC - Get Free Report) announced a quarterly dividend on Wednesday, July 9th, RTT News reports. Shareholders of record on Thursday, July 24th will be given a dividend of 0.90 per share by the financial services provider on Friday, August 15th. This represents a $3.60 annualized dividend and a yield of 1.68%. This is a 10.4% increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82.
Marsh & McLennan Companies has a payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marsh & McLennan Companies to earn $10.48 per share next year, which means the company should continue to be able to cover its $3.26 annual dividend with an expected future payout ratio of 31.1%.
Marsh & McLennan Companies Price Performance
MMC stock traded up $0.91 during trading on Wednesday, hitting $214.08. 1,852,737 shares of the stock traded hands, compared to its average volume of 1,973,181. Marsh & McLennan Companies has a one year low of $207.21 and a one year high of $248.00. The stock has a market cap of $105.48 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 2.61 and a beta of 0.80. The company has a 50 day simple moving average of $223.44 and a 200 day simple moving average of $224.76. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same period in the previous year, the firm posted $2.89 earnings per share. Equities analysts expect that Marsh & McLennan Companies will post 9.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Marsh & McLennan Companies stock. Bison Wealth LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 39.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,064 shares of the financial services provider's stock after buying an additional 869 shares during the period. Bison Wealth LLC's holdings in Marsh & McLennan Companies were worth $651,000 at the end of the most recent reporting period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on MMC shares. UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Barclays dropped their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating for the company in a report on Wednesday. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $240.71.
Get Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Company Profile
(
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Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.
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