Key Points
- CEO John Doyle sold 16,655 shares of Marsh & McLennan (MRSH) on March 4 at an average price of $183.30 for about $3.05 million, reducing his stake by 12.48% to 116,811 shares (≈$21.41M).
- Marsh & McLennan beat Q4 expectations with $2.12 EPS versus $1.97 expected and $6.60 billion in revenue (vs. $6.52B est.), posting a 15.42% net margin and 31.6% ROE; analysts project about $9.61 EPS for the current fiscal year.
- The company declared a $0.90 quarterly dividend ($3.60 annualized, ~1.9% yield; ex-dividend April 9, payable May 15), while the Street consensus rating is a "Hold" with an average price target of $216.18.
Marsh & McLennan Companies, Inc. (NYSE:MRSH - Get Free Report) CEO John Doyle sold 16,655 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total value of $3,052,861.50. Following the completion of the transaction, the chief executive officer owned 116,811 shares of the company's stock, valued at approximately $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marsh & McLennan Companies Stock Performance
Marsh & McLennan Companies stock traded up $0.07 on Thursday, hitting $184.91. 1,989,759 shares of the stock traded hands, compared to its average volume of 3,050,292. Marsh & McLennan Companies, Inc. has a 1 year low of $170.37 and a 1 year high of $248.00. The firm has a market capitalization of $89.52 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.59 and a beta of 0.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20.
Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The company had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period last year, the business earned $1.87 EPS. Marsh & McLennan Companies's quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be paid a $0.90 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. Marsh & McLennan Companies's dividend payout ratio is presently 42.70%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $200.00 target price on shares of Marsh & McLennan Companies in a report on Friday, January 30th. Evercore cut their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 7th. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an "equal weight" rating in a report on Friday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an "overweight" rating on the stock in a report on Wednesday, January 7th. Finally, Raymond James Financial upgraded shares of Marsh & McLennan Companies from an "outperform" rating to a "strong-buy" rating and set a $225.00 price objective for the company in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $216.18.
Read Our Latest Analysis on MRSH
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in MRSH. Hanson & Doremus Investment Management lifted its holdings in shares of Marsh & McLennan Companies by 31.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider's stock valued at $43,000 after buying an additional 51 shares during the period. D.A. Davidson & CO. lifted its holdings in Marsh & McLennan Companies by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider's stock valued at $910,000 after acquiring an additional 54 shares during the period. Procyon Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% during the 4th quarter. Procyon Advisors LLC now owns 2,279 shares of the financial services provider's stock valued at $423,000 after purchasing an additional 56 shares during the period. PFG Investments LLC increased its position in shares of Marsh & McLennan Companies by 3.3% during the 4th quarter. PFG Investments LLC now owns 1,758 shares of the financial services provider's stock valued at $326,000 after purchasing an additional 56 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 6.1% in the 2nd quarter. OneAscent Wealth Management LLC now owns 1,046 shares of the financial services provider's stock worth $229,000 after purchasing an additional 60 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.
About Marsh & McLennan Companies
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Get Free Report)
Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.
The firm operates through several well-known subsidiaries and business units that specialize in distinct services.
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