Key Points
- CEO John Doyle sold 16,656 shares of Marsh & McLennan stock on June 2 at an average price of $161.71, totaling about $2.69 million. The transaction was made under a pre-arranged Rule 10b5-1 plan.
- The stock was down 2.4% and opened at $157.52, near its 12-month low of $156.60. Marsh & McLennan has a market value of about $76.1 billion and a beta of 0.62.
- The company recently reported strong quarterly results, with EPS of $3.29 beating estimates and revenue rising 7.6% year over year. Analysts currently rate the stock a Hold on average, with a consensus price target of $203.56.
Marsh & McLennan Companies, Inc. (NYSE:MRSH - Get Free Report) CEO John Doyle sold 16,656 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the completion of the sale, the chief executive officer directly owned 116,811 shares of the company's stock, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marsh & McLennan Companies Trading Down 2.4%
NYSE MRSH opened at $157.52 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $76.10 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $235.38.
Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.21 by $0.08. The business had revenue of $7.30 billion during the quarter. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm's revenue was up 7.6% on a year-over-year basis. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 10.38 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. DV Trading LLC acquired a new position in Marsh & McLennan Companies in the first quarter worth about $243,000. Parallel Advisors LLC raised its position in Marsh & McLennan Companies by 3.0% in the first quarter. Parallel Advisors LLC now owns 6,681 shares of the financial services provider's stock worth $1,159,000 after purchasing an additional 195 shares in the last quarter. Optiver Holding B.V. acquired a new position in Marsh & McLennan Companies in the first quarter worth about $127,000. Caerus Investment Advisors LLC raised its position in Marsh & McLennan Companies by 23.1% in the first quarter. Caerus Investment Advisors LLC now owns 2,304 shares of the financial services provider's stock worth $400,000 after purchasing an additional 433 shares in the last quarter. Finally, First Nebraska Trust Co acquired a new position in Marsh & McLennan Companies in the first quarter worth about $226,000. Institutional investors and hedge funds own 87.99% of the company's stock.
Wall Street Analysts Forecast Growth
MRSH has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $203.00 to $178.00 and set an "equal weight" rating on the stock in a report on Thursday, April 9th. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. Weiss Ratings lowered shares of Marsh & McLennan Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, May 11th. Mizuho cut their target price on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a "neutral" rating for the company in a research report on Monday, April 13th. Finally, Piper Sandler cut their target price on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a "neutral" rating for the company in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $203.56.
Get Our Latest Analysis on MRSH
Marsh & McLennan Companies Company Profile
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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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