Marsh & McLennan Companies, Inc. (NYSE:MRSH – Get Free Report) VP Stacy Mills sold 1,215 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $200.00, for a total transaction of $243,000.00. Following the completion of the transaction, the vice president directly owned 2,705 shares of the company’s stock, valued at approximately $541,000. The trade was a 30.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Marsh & McLennan Companies Stock Performance
Shares of NYSE:MRSH opened at $192.08 on Thursday. The business’s fifty day moving average is $182.02. The firm has a market capitalization of $91.34 billion, a P/E ratio of 22.98, a PEG ratio of 2.67 and a beta of 0.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.27. Marsh & McLennan Companies, Inc. has a 52-week low of $156.60 and a 52-week high of $200.32.
Marsh & McLennan Companies (NYSE:MRSH – Get Free Report) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.07. The company had revenue of $6.86 billion for the quarter. Marsh & McLennan Companies had a return on equity of 33.32% and a net margin of 14.20%. Marsh & McLennan Companies’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 10.48 EPS for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, October 1st will be given 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 dividend payout ratio (DPR) is currently 47.37%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Americana Partners LLC bought a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $294,000. Aprio Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 136.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 3,621 shares of the financial services provider’s stock valued at $618,000 after buying an additional 2,088 shares in the last quarter. Avestar Capital LLC purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at approximately $262,000. Modera Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 1.9% in the 3rd quarter. Modera Wealth Management LLC now owns 2,938 shares of the financial services provider’s stock worth $502,000 after buying an additional 54 shares during the period. Finally, State of Wyoming boosted its holdings in Marsh & McLennan Companies by 68.6% in the 3rd quarter. State of Wyoming now owns 767 shares of the financial services provider’s stock worth $131,000 after buying an additional 312 shares during the period. Institutional investors own 87.99% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. UBS Group upped their price objective on Marsh & McLennan Companies from $216.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $215.00 to $218.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Citigroup boosted their target price on shares of Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $186.00 to $201.00 and gave the company a “market perform” rating in a research report on Monday, October 19th. Finally, Wells Fargo & Company upped their price target on shares of 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. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.42.
Read Our Latest Research Report on Marsh & McLennan Companies
About Marsh & McLennan Companies
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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