Marsh & McLennan Companies (NYSE:MRSH) CEO Sells $838,800.00 in Stock

Marsh & McLennan Companies, Inc. (NYSE:MRSH – Get Free Report) CEO Dean Klisura sold 4,194 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $200.00, for a total value of $838,800.00. Following the completion of the transaction, the chief executive officer owned 20,935 shares in the company, valued at $4,187,000. The trade was a 16.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marsh & McLennan Companies Trading Up 0.7%

NYSE:MRSH opened at $192.08 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.09 and a quick ratio of 1.09. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $200.32. The stock’s 50-day simple moving average is $182.02. The stock has a market capitalization of $91.34 billion, a PE ratio of 22.98, a P/E/G ratio of 2.67 and a beta of 0.59.

Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. The company had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies’s revenue was up 8.1% on a year-over-year basis. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 10.48 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be paid a $0.99 dividend. The ex-dividend date is Thursday, October 1st. This represents a $3.96 annualized dividend and a yield of 2.1%. Marsh & McLennan Companies’s payout ratio is presently 47.37%.

Analyst Ratings Changes

MRSH has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $183.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, October 16th. Mizuho boosted their target price on Marsh & McLennan Companies from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, October 19th. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $215.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Erste Group Bank upgraded Marsh & McLennan Companies to a “strong-buy” rating in a report on Tuesday, September 8th. Finally, Jefferies Financial Group reduced their price objective on Marsh & McLennan Companies from $193.00 to $188.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $204.42.

View Our Latest Stock Analysis on Marsh & McLennan Companies

Hedge Funds Weigh In On Marsh & McLennan Companies

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Marsh & McLennan Companies during the second quarter valued at $6,583,806,000. Corient Private Wealth LP bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $66,475,000. Deutsche Bank AG bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $685,621,000. Bank of America Corp DE purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth about $575,845,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth about $532,438,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

(Get Free Report)

Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in risk, strategy and people. The company serves businesses, governments and institutions through a portfolio of specialized businesses focused on insurance brokerage, reinsurance, consulting and talent management.

Its principal businesses include Marsh, an insurance brokerage and risk advisory firm; Guy Carpenter, a provider of reinsurance brokerage and related risk-management services; Mercer, which offers consulting in investment, retirement, health and workforce strategy; and Oliver Wyman, a management consulting firm serving clients across industries and regions.

Founded in 1905, Marsh & McLennan serves clients in countries and markets around the world.

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Insider Buying and Selling by Quarter for Marsh & McLennan Companies (NYSE:MRSH)

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