Key Points
- John Doyle sold 21,079 shares on Dec. 1 at an average price of $182.22 for a total of $3.84M, trimming his stake by 19.38% to 87,681 shares (worth ≈$15.98M).
- Company fundamentals: MMC reported quarterly EPS of $1.85 (beating estimates) with revenue up 11.5% year-over-year, pays a $0.90 quarterly dividend (2.0% yield), has a ~$90B market cap, and carries an analyst consensus of "Hold" with a $224.56 target.
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 transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, 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 available through this hyperlink.
Marsh & McLennan Companies Stock Up 0.2%
NYSE:MMC opened at $183.81 on Thursday. The firm has a 50-day simple moving average of $188.56 and a two-hundred day simple moving average of $203.84. The firm has a market cap of $90.05 billion, a P/E ratio of 22.04, a P/E/G ratio of 3.16 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two 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 announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.
Marsh & McLennan Companies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were issued 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 of this dividend was Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $1,328,587,000. Wellington Management Group LLP increased its holdings in Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares during the last quarter. Nuveen LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth $1,038,594,000. Valeo Financial Advisors LLC grew its position in shares of Marsh & McLennan Companies by 48,212.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider's stock valued at $574,845,000 after purchasing an additional 2,623,745 shares in the last quarter. Finally, Soundwatch Capital LLC bought a new stake in shares of Marsh & McLennan Companies in the second quarter worth about $560,820,000. 87.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on MMC. Royal Bank Of Canada began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They issued a "sector perform" rating and a $200.00 target price for the company. UBS Group reduced their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Morgan Stanley dropped their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 7th. Bank of America reiterated an "underperform" rating and issued a $181.00 price objective (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $224.56.
Read Our Latest Stock Report on MMC
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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