Insider Selling: Marsh & McLennan Companies (NYSE:MMC) CEO Sells 21,079 Shares of Stock

Marsh & McLennan Companies CEO John Doyle sold 21,079 shares, reducing his ownership by 19.38%. The sale totaled $3.84 million at $182.22 per share. Post-sale, Doyle owns 87,681 shares valued at $15.98 million. The transaction was disclosed in an SEC filing. MMC shares opened at $183.30, with a market cap of $89.80 billion. Analysts have mixed ratings, with a consensus "Hold" and a price target of $224.56.

Marsh & McLennan Companies, Inc. (NYSE:MMC - Get Free Report) CEO John Doyle sold 21,079 shares of the company's stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company's stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Marsh & McLennan Companies Trading Down 0.4%

Big Banks Are Setting the Tone as Earnings Season Kicks Off

Shares of NYSE MMC opened at $183.30 on Wednesday. The firm has a 50 day moving average price of $188.88 and a two-hundred day moving average price of $203.98. The stock has a market cap of $89.80 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. Marsh & McLennan Companies's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

Booz Allen Hamilton Earnings: 3 Bullish Signals for BAH Stock

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 43.17%.

Wall Street Analyst Weigh In

Several analysts recently commented on MMC shares. Evercore ISI decreased their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an "outperform" rating for the company in a research report on Friday, October 17th. Morgan Stanley reduced their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 7th. Royal Bank Of Canada began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They set a "sector perform" rating and a $200.00 target price for the company. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an "underperform" rating to a "market perform" rating and cut their price target for the company from $209.00 to $191.00 in a research report on Friday, October 17th. Finally, Bank of America reissued an "underperform" rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $224.56.

Read Our Latest Analysis on MMC

Institutional Trading of Marsh & McLennan Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $28,000. Activest Wealth Management grew its position in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 111 shares during the period. Pinnacle Bancorp Inc. bought a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at $29,000. Finally, Westside Investment Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider's stock valued at $30,000 after buying an additional 109 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Company Profile

(Get Free Report)

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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