Marsh & McLennan Companies, Inc. (NYSE:MMC) EVP Peter J. Beshar sold 10,567 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $81.75, for a total value of $863,852.25. Following the completion of the transaction, the executive vice president now owns 240,857 shares of the company’s stock, valued at $19,690,059.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marsh & McLennan Companies, Inc. (MMC) traded down $0.86 on Wednesday, reaching $83.77. The company’s stock had a trading volume of 1,410,000 shares, compared to its average volume of 2,280,000. The firm has a market capitalization of $42,520.00, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.31. Marsh & McLennan Companies, Inc. has a 12-month low of $71.79 and a 12-month high of $86.54.
Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. research analysts predict that Marsh & McLennan Companies, Inc. will post 4.33 earnings per share for the current fiscal year.
A number of equities analysts have commented on MMC shares. Royal Bank of Canada restated a “buy” rating and issued a $93.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, December 8th. UBS Group downgraded Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, December 27th. Wells Fargo & Co reiterated a “buy” rating and set a $91.00 price objective on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. Finally, Citigroup reduced their price objective on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $88.36.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $102,000. Invictus RG acquired a new stake in Marsh & McLennan Companies in the third quarter worth approximately $106,000. Legacy Advisors LLC lifted its position in Marsh & McLennan Companies by 1,558.8% in the fourth quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,247 shares during the period. Virtue Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $113,000. Finally, San Francisco Sentry Investment Group CA lifted its position in Marsh & McLennan Companies by 5,086.2% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,475 shares during the period. Hedge funds and other institutional investors own 85.77% of the company’s stock.
About Marsh & McLennan Companies
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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